“I Want to Buy a Home-In a Year or Less!” Best Tips for Paying Rent & Why
Rent Tips to Buy a First Home
In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership. So far we have discussed how to solve limited or bad credit, no down payment, and not having a budget. So lets discuss overcoming Roadblock #4. Not being able to document rent or housing history to show, as a buyer, that you are able to handle a new mortgage payment. So in this article we are going to provide you detailed rent tips.
Reasons to Document Rent History
First of all, there are plenty of situations where a buyer does not have to prove a rent history. Program type and overall strength of the borrower’s file are examples for…