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Too many young people don’t get into real estate because they are under the impression that they cannot afford to own. The fact is that there are a lot of people out there who are qualified for a loan and just don’t know it. This means that there are numerous people out there who are throwing money away to renting when they could be building assets by owning their own property. Getting a home loan might not be as easy now as it was a few years ago, but it’s not an extremely difficult thing to get. Banks typically look for those who have good credit, a steady income, and a reasonable down payment. If a person is on salary at a job, then he or she is most likely qualified for some type of home loan. Additionally, most banks only require a 3% down payment, which is easy to accumulate if the property price is low. The St. George real estate market is flooded with incredibly cheap condos. Most young people and young couples live in small apartments before they start a family, so owning a condo is a great alternative. However, paying all of the money every month to an apartment complex is literally the same thing as throwing that money away. Many of the condos out there can be purchased for as low as $60,000. If a couple can come up with a 3% down payment, they can own their own condo and lower their rent to only $400 a month. That type of monthly payment is nearly unheard of in apartment complexes. Additionally, each monthly payment goes toward having actual assets when it’s time to sell. About The Author Kayenta offers St. George Real Estate where its community is designed to include spacious rural neighborhoods, convenient local services activity hubs and gathering places. Kayenta is committed to maintaining a balance between our natural and created environments while keeping plenty of open space. (http://www.kayentahomes.com/)
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