Buying The AFFORDABLE HOUSE: What They Don’t Want You To Know?

Okay, you've been struggling to find and to buy a cheap affordable home. Now, what if I told you that I was going to show you three more ways that you could find and buy an affordable home today? And you can do this in Myrtle Beach, South Carolina or anywhere nationwide. If you haven't done so already, go ahead and subscribe to this channel. My name is Jerry Pincus and for the last 20 years I've been doing this. My real estate team has helped thousands and thousands of people purchase houses. People say to me, Jerry, you're just lucky or privileged. Yeah, right. I wish somebody had told me this stuff when I was growing up in a blue collar working class neighborhood. I had to figure this stuff out for myself when I bought a house and that's why I can help a lot of people and share it with you. So give me a thumbs up if you're good with that. Number one, assumable mortgage homes. Now, some of these homes, they have a super low mortgage rate and this is a great way to step right in and snatch up a deal. Now, this happened twice in the last three weeks. My team found one of our clients a home with a 2.9% assumable mortgage and we found another one with a 3.4% assumable mortgage. And you can do the same thing too, no matter where you live. Now, the priceless part of this is putting these deals together. You don't have to be a veteran to take advantage of this. The interest rate affects your affordability regarding how much your house payment is going to be. So if you keep looking at Zillow at low cost houses, you may have missed it again. Now, sometimes you can get a much nicer house with an assumable mortgage option. Luckily, this information is readily available if you're working with the right real estate expert and they're working for you because they're going to know where to look. They can easily hunt these houses down for you. And they're going to have to do a wild card search in the backend of their personal MLS system. And if you need help with that, feel free to call my office. My team can hook you up with the local real estate expert wherever you live. Now, the next one is the USDA Zero Down Money Program. Now, this program is called the USDA United States Department of Agricultural Program. And this helps people buy rural homes. And this includes property in the Now, most of these properties are going to qualify if they're located 20 or 30 minutes outside the city limits or in suburban areas or in a rural area. But the USDA program allows you to purchase a property located within the USDA map location. So I'm going to go ahead and put a link in the description below so that you can check out where these properties are located, where you live. But I got to tell you something, you're going to be hard pressed to find a home loan program that offers more favorable terms. Now, you're going to need a 620 or higher credit score. And they're going to look at your debt to income ratio and your monthly income. And if you filed for bankruptcy, you can purchase a house two years after your discharge date of that bankruptcy. And also the USDA guarantees the loan, which offers zero down and easy eligibility requirements and competitive mortgage rates. Now, all of this is based on the city and the state's demographic and financial makeup. So you got to check each area. But here's another bonus. The seller can pay your closing costs and the seller can also pay for a home warranty. And the home warranty, it's going to cover you for all major components or appliances in that property. By doing it this way, guys, you get 100% finance loan through the USDA program and you're going to actually get a house. Guys, unfortunately, this is the information that you're not hearing on the mass media. They could certainly teach you this stuff in school, but they don't. But this information is super important because everyone should own a home and be able to get ahead in life. Next on our list is number three, brand new home deals. And this is another way that you can scoop up a really good deal. It's happening. Now there's some smoking deals on brand new construction homes. If you know where the developer is super motivated. For instance, we just got a deal for our clients where the developer paid money upfront to their mortgage company on the buyer's behalf and it permanently lowered the buyer's interest rate. Yep. It's happening. And this is called a rate buy down. Now one client, we got a 4.9% loan and another one, we got a 4.5% loan guys. This is the stuff that makes a huge difference in being able to afford a home because it lowers the monthly payments. And compared to some house that doesn't have these lower rates, this is a huge advantage when the buyer has a warranty on the house and doesn't have to pay for any repairs out of pocket or any expenses. Like they got a new roof, they got a new heater, they got a new air conditioning, everything's new. And on top of that, it's super energy efficient and the electric bills, they're going to be lower too. Look, buying a cheap house, it's not only about the price point guys, compare everything. You want to consider the actual cost of buying. And if you can buy a home at a lower interest rate or one of the offers incentives, this can make a house really super affordable and cost less. Now there's something else that you really need to know before you go out and start looking at these houses because there's a lot of them that you're going to want to run away from guys. Trust me because I made a super helpful video. This is going to help you and you want to see it before you go out and look at those houses. Okay. Here it is. The 13 affordable home lies. You never buy a cheap house without knowing this. That's the title because I don't want you to get suckered into the wrong house. Okay. Was any of this stuff helpful? Go ahead and let me know in the comments. I'm making these videos here for you on this channel and I hope you're enjoying them. I truly appreciate you watching and I want you to find your hidden gem and avoid those pitfalls that are costly. My team is here to help you to avoid those pitfalls that are costly. 843-839-9870. Pick up the phone, give us a call and we'll talk to you soon. Take care guys.