4 Ways to Escape the Rental Trap
New Home Buyers Have More
They decided to pass on making a purchase earlier in their lives for reasons ranging from unstable job security to high mortgage rates. Whether justified or not, Geoff and Kristi kept making excuses for not pulling the trigger on a new-home purchase. They had no idea of the opportunity they were missing to start building their personal wealth through home ownership.
As time moved on and their family grew, they knew they finally needed to make that move to build some equity and have something to show for the money they were dishing out just to keep a roof over their heads.
“A lot of people have been misinformed, resulting in becoming content to live as renters,” says Joe Puthur, President of Mortgage Coach (www.mortgagecoach.com). “Families have been missing out on opportunities because of lack of knowledge. With today’s mortgage options, people can achieve affordable home ownership wherever they want to live.”
Puthur offers first-time home owners the following insight to help find the right mortgage:
A mortgage is not a typical loan, it is a financial instrument enabling wealth creation and access to affordable home ownership. Interest rates on a quality mortgage continue to be below 5% regardless of program. Considering this time in 1997 rates were often over 9%, this is one of the most favorable times in history to buy a home, an opportunity no one should miss.
“It is not complicated to escape the rental trap, own the perfect home and start building equity toward a better future,” Puthur says. “Homebuyers just need a trusted mortgage professional who can help them make an effective, informed and confident decision. After all, the perfect home is not only where they will make memories, it is a key contributor for growing their family’s wealth and financial security over time.”
Mortgage Coach President Joe Puthur has been a technology leader throughout the last 15 years. His mortgage industry designs have always pushed the envelope and now he is helping the industry embrace the mobile revolution through Mortgage Coach (www.mortgagecoach.com).
Puthur was the founder and former CEO of Lasso Technologies, a start-up that pioneered bringing Loan Origination Software online. In 2005, Ellie Mae acquired Lasso Technologies to create Encompass Anywhere, the largest SaaS [Software as a service] offered Loan Origination Software. Puthur has been selected multiple times among the “40 Most Influential Leaders in the Mortgage Industry Under 40” by Mortgage Professional magazine.
Editing by Mary Kauffman, SitNews
Representations of fact and opinions in comments posted are solely those of the individual posters and do not represent the opinions of Sitnews.
Stories In The News
Articles & photographs that appear in SitNews may be protected by copyright and may not be reprinted without written permission from and payment of any required fees to the proper sources.
E-mail your news & photos to email@example.com
Photographers choosing to submit photographs for publication to SitNews are in doing so granting their permission for publication and for archiving. SitNews does not sell photographs. All requests for purchasing a photograph will be emailed to the photographer.