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The American Dream is Alive and Well

Sometimes you just need a little coaching to get to the American Dream of homeownership.

I know most in the real estate and mortgage business work hard every day to put potential home buyers in the best possible position to be able to own a home. In problem situations, credit, job history, rent history, income or down payment can all be issues.

Amy called me last year after she read a blog of mine, which was about credit, or I should say problem credit. Her credit scores were in the mid 500’s and she believed her situation was hopeless and she would need to keep renting forever.

Not so fast, I told her. Once I ran the credit, I sent her a copy, so we could go through it together. She was a willing and eager student and totally committed to correcting all the issues.

I just sent her a preapproval letter to buy her home first home. Her credit scores are now all over 700. She will make an fabulous homeowner.

Survey Finds Millennials Still Want to Own Homes

By: Brad Finkelstain

click on he title for the full article

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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