Don’t Believe the Lie: Yes, You Can Buy a House! | The Financial Mirror

Buying a home might seem like an impossible dream, but the truth is, it’s absolutely achievable! In this episode, I break down the common myth that homeownership is out of reach and explain exactly what it takes to buy a house. You only need three key things: steady income, a low income-to-debt ratio with good payment history, and, optionally, a down payment.

I’ll walk you through:
o How to establish a steady and reliable income that lenders want to see.
o Why your income-to-debt ratio and payment history are critical to getting approved for a mortgage.
o The truth about down payments, including how low or even no down payment options might be available to you.
o Practical steps to improve your financial habits and make homeownership a reality.

If you’re tired of hearing “You’ll never be able to buy a house,” this episode is for you. With the right planning, discipline, and financial strategies, you can absolutely achieve the goal of homeownership.

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Article Referenced: https://finance.yahoo.com/news/minimum-salary-buy-home-2024-160009406.html

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