Wait for what?
Until their children are old enough to leave them?”
This quote comes at a crucial moment from George Bailey in Frank Capra’s 1946 film, It’s a Wonderful Life.
In essence, George’s family managed the Building and Loan in a small town in New York during the Great Depression. They worked like many of today’s mortgage lenders allowing people to put down a percentage of the value of a home and finance the rest over time ~ which was a cutting edge concept back in the 1930s.
As I watch my own children grow up, I am happy to know that they are growing up in a home that we own thanks to a mortgage. It sounds like a fairy tale sometimes, but you should know that getting our first mortgage on our old home was not easy… even for me, a savvy real estate guy.
To put my story on the record, since I am self employed and mortgage lenders have never really liked self employed people, my wife and I qualified on her teacher salary only and used a first-time buyer mortgage program. Hey, it worked!
One of my goals when meeting with home buyers for the first time is to crunch numbers, discuss financing and make some suggestions ~ especially when I feel they have been reading (on the Internet) confusing information. I am not a mortgage professional but I keep my ear to the ground, talk with other clients, and have a good idea of options and mortgage people clients should call (none of those mortgage people pay me).
My goal is simple: Be creative and help people improve their lives.
“Do you know how long it takes a working man to save $5,000?” – George Bailey
During the Great Depression, that $5k probably would have taken a lifetime to save, but I still hear comments like that from people putting together a down payment to buy a house.
Really, if you are 25 to 39 and don’t own a home then I want to encourage you to start the process today
I completely understand that this idea may seem daunting, or that you have been able to dodge and procrastinate on this project for the past four years. But, the time is now to take action and explore your options.
Think for a minute, where do you picture yourself in 2021?
Here is an exercise: Say out loud, “Yeah, it’s 2021 and am living in… (you need to fill this part in).
(this space is intentionally left blank)
Let me know where this step took you, cheers!