{"id":2721,"date":"2016-01-14T02:34:28","date_gmt":"2016-01-14T02:34:28","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=2721"},"modified":"2020-07-13T22:35:25","modified_gmt":"2020-07-13T22:35:25","slug":"how-to-move-out-of-your-parents-house","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/how-to-move-out-of-your-parents-house\/","title":{"rendered":"5 Reasons Why Now is the Time to Move From Your Parents House"},"content":{"rendered":"

You love your family, but\u00a0do you\u00a0want to live with them forever?\u00a0 Over the years, often because of the previous downturn in the economy, many younger adults have moved back into or never moved from\u00a0the parents\u00a0house.\u00a0 Getting\u00a0out of the\u00a0parents house can be difficult for reasons such as the following:<\/p>\n

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  1. “I can’t move because I\u00a0don’t have a\u00a0down payment”<\/em><\/li>\n
  2. “I will never be able to buy because of my\u00a0credit problems”<\/em><\/li>\n
  3. “A mortgage company won’t approve me\u00a0because I live with\u00a0family & have\u00a0no rent history”<\/em><\/li>\n
  4. “I have previous employment gaps and don’t I need to be on my job 2 years?”<\/em>\"Can<\/li>\n
  5. “I just don’t know what the first step is to buy a home”<\/em><\/li>\n<\/ol>\n

    Break free of your fears and\u00a0make the move now to give yourself a place of your own to call home.\u00a0\u00a0Plus give your family their own space back.\u00a0 It is easier than you think!<\/h3>\n

    How to Move Out of Your Parents House- Path to\u00a0Home Ownership:<\/h2>\n

    1. Lack of Down Payment – No Problem<\/h2>\n

    Too many people hear the negative TV news, internet articles<\/a>,\u00a0or other naysayers\u00a0saying how you must have perfect credit or 20% down payment to be able to purchase a home<\/a>, but\u00a0this is not true.\u00a0 These days there are several low to no down payment mortgage products available and it is not even necessary to be a first time buyer.\u00a0 Veterans and service members are able to use a VA<\/a> Home Loan to purchase with 100% financing and can often purchase a home with a second VA loan while keeping an existing one.<\/p>\n

    Much of NC and SC properties qualify for USDA<\/a> home loans which is a great product that allows for no money down.\u00a0 Then, there are FHA purchase loans which are flexible on down payment sources (learn more here<\/strong><\/span><\/a>) and even Conventional loans which allow for as little as 3% down payment.\u00a0\u00a0 The down payment can even be a gift – see how<\/a><\/strong><\/span><\/p>\n

    2. Imperfect Credit – We can help!<\/h2>\n

    Too often we see applicants that either are too scared to know the details of their credit reports or are \"Creditafraid to re-establish new credit because of a previous bad experience.\u00a0 We can assure you that the best thing to do is find out now how your credit looks.\u00a0 Then\u00a0we can either tell you about an approval\u00a0or recommend steps to take in order to be approved in the future.<\/p>\n

    Additional Credit Tip Resources:<\/strong><\/p>\n