M A K E
Why Your Landlord Thinks
He’s Smarter Than You
For years you’ve been a renter, and for years
you’ve been paying your landlord’s mortgage
T H E
payment. When all is said and done, he’s several
years closer to owning the home free and clear,
and you have nothing to show for yourself at
the end of the day.
2. U nderstand What You Can Afford
Many people are shocked when they realize
that mortgage payments are often less than
their monthly rent payments! We interviewed a
recent homebuyer named Laura and she told
us that her rent for a small apartment was
F I R S T
Oh yes, your landlord definitely thinks he’s
$900+/mo, but the mortgage on her new
smarter than you. You’re paying his mortgage
townhome (which was bigger and offered
when you could have been paying your own
many more amenities) is only $750/mo. She will
mortgage all along.
now benefit from a new tax deduction too.
Don’t let this happen to you. Take these
5 steps to become a bona fide homeowner.
GOOD LUCK!
Take the time to talk with your Loan Officer to
understand exactly what you can afford to pay
each month. You might be amazed at how far
your money will go!
1. Make the First Move
It’s truly up to you to make the first move. Call a
M O V E
Loan Officer to help you understand what loans
you qualify for, and help you overcome various
obstacles you may face in your personal journey
towards homeownership. A quick phone call to
discuss your personal situation can bring you
the hope and motivation you need to put the
home buying wheels in motion.
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3. Research Favorable Loan Products
Did you know that there are many favorable
5. Attend Universal Lending’s Make the
First Move Meet-Up
loan products that are government backed
We care deeply about your journey to become
available to all wannabe homeowners (not
a homeowner. That’s why we have partnered
just first-time homebuyers) who can afford
with former Denver Broncos running back,
to make their mortgage payments? Most
Reggie Rivers, to offer first-time homebuyer
people pay PMI (private mortgage insurance),
seminars called, “Make the First Move.”
because they put less than 20% down. Thanks
to FHA loans (guaranteed by the Federal
Reggie is amazing – he
Housing Authority), VA loans (for qualifying
will help you understand
U.S. veterans), and USDA loans (backed
what you need to do now to
by the U.S. Department of Agriculture for
ensure you’re a homeowner
those buying in “rural” communities),
by the end of 2015.
homeownership doesn’t have to be a
Register at http://info.ulc.
costly affair.
com/home-buying-meetup-1-registration.
4. Take Homebuyer Education Classes
The CHFA (Colorado Housing and Finance
Authority) offers homebuyer educational
classes to ensure responsible homeownership
in Colorado. CHFA’s classes are a great step
GOT QUESTIONS?
Need to talk to a Loan Officer.
Call 303-758-4969.
for you to take to educate yourself about
buying a home and what it’s going to take.
CHFA also offers down payment and closing
costs assistance programs for qualifying
homebuyers (in other words, they may pay
your down payment or closing costs for you!).
You will learn about these services when you
take advantage of CHFA’s home buying
educational classes. Research additional
information about CHFA at
http://www.chfainfo.com.
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A Collection of First-Time Homebuyer Stories – #FirstMove
Regulated by the Division of Real Estate
Universal Lending Corporation, NMLS # 2996
6775 East Evans Ave. Denver, CO 80224