JUNE 2002
Risa's Pieces
Volume 5 Issue 6
Questions I Am Often Asked
Most people who rent can actually afford to buy their own homes. So what's stopping them?!?
Many tenants believe that owning a home requires a big down payment. They find it difficult to save for this while continuing to pay regular monthly bills. Others are convinced they can't qualify for a mortgage - that even if they did qualify, the payments would be too large. Almost everyone is overwhelmed by the legal and financial red tape they believe surrounds the purchase of a home. So, the easy way out is to just keep paying rent! If you see yourself in any of these situations, here are a few facts that can change your mind:
- Most people actually qualify for a 3 percent down mortgage but don't realize it. Some people can actually qualify for a ZERO down payment mortgage!
- There are special government programs that help first-time homebuyers come up with a down payment.
- The average mortgage payment costs about the same as the average rent payment. For example, if you are paying rent of $650 per month, you could be paying that amount toward owning a home of your own worth $77,500. This home would probably provide more space and privacy than what you now have.
- When a survey of renters was conducted, 77 percent said that the biggest reason they don't even check into owning their own home is their fear of feeling obligated to buy - or worse, being hounded by salespeople.
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Seasonal Scoop
Dissolve 1 to 1 ˝ teaspoons of baking soda in 1 quart of water to kill bugs on flowering plants. Spray every 7 to 10 days.
Tuck a bar of soap inside a mesh bag and tie it around the outside faucet. After gardening, cleanups will be a breeze.
Don’t like to wear gardening gloves? Scraping your fingernails over a bar of soap before you get started will prevent dirt from penetrating under your nails and will protect them from breaking.
Bury some used coffee grounds in your garden to provide much needed acid to soil that has a high alkaline content. You’ll notice much greener greens!
Kill weeds with a natural toddy of 1 ounce of white vinegar, 1 ounce of inexpensive gin, and 8 ounces of water. Pour on the weeds and say good-bye.
This months joke:
Question: What do you call a dog that sits on an ice cube?
Answer: A chili dog!
Click here for Local Coupons Page
Question: : What should you check when purchasing a home?
Answer:
Not asking enough questions
Be realistic
Searching in vain for the “Ideal” house
Ignoring representation
Avoid Overbuying
Skipping an inspection
Under-estimating closing costs
Have questions? email Risa at questions@risa.net or call her at 1-800-699-4901
June favorite links:
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