Affordable Housing Is Within Your Grasp

It's a common problem

It's a common problem. We are new to our employment positions or simply haven't built up enough credit yet to qualify us for the loan that we want for our housing. The fact is that smart people aren't renting these days. Even the very young know that purchasing a property is far superior to renting one.

Renting your home over the long time period is much the same as washing your money down the drain. It benefits no one but the home owner and you are left with the same need for a stable home and good value for your money. Home ownership is everyone's dream. Make your dream a reality by the use of a shared property scheme.

While finding a home they can buy that they can afford, affordable housing however isn't necessarily easy to come by. That is particularly true if we are in one of the lower brackets of income that make it more difficult to achieve a traditional bank loan.

Traditional loans today are more difficult to gain. In part this is due to the more restrained economy that is affecting us on a global level. In part it is due to the fact that many people have lost jobs, had hours cut, or the jobs themselves were cut out. This has led to a loss of credit for many people, or to a credit rating that may be something short of spotless.

While your credit may not be perfect, if you can meet certain criteria you may still qualify to purchase your own home in a shorter time than you think. Shared ownership schemes are giving many who were not able to buy a home the ability to finally become home owners.

Rent to buy has become a dream come true for many people who believed themselves unable to buy a property due to bad credit or not credit. The ability to get a loan in the traditional manner simply was not there for them. Fortunately it didn't have to be, and the same holds true for you as well.

While you are renting and paying high monthly payments for a home that will never be your own, you could be paying lower monthly payments for a home that you have the option to buy. Shared properties offer you the means to get the home of your dreams and to be able to afford it.

If you are currently paying a rental payment every month, how do you feel about paying less? Of course the idea appeals to all of us. What if you could pay less in rent and be able to save for your down payment, whilst being assured of an option to purchase the home that you are currently living in?

What if the entire deal was legal and binding and you knew that at the end of your tenancy that the home that you were living in would become your own if you fulfilled your end of the deal? Shared properties is a non-traditional way to get the traditional family dream - a home of your own.

Affordable housing for yourself and your family does not have to be a dream. Why not find out if you can qualify for a shared ownership scheme and get on the fast track to owning your own home and leaving the renting behind?

by: Lawrence White

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