Your REALTOR®:
Carol Erwin
June 2024
Real


How Does a Rent-to-Own Home Work?
A rent-to-own home can be a viable option for some people if maybe a mortgage isn’t right for them at this moment or wouldn’t be available to them. Rent-to-own homes can be a way to wade into homeownership less traditionally and more slowly.
      What is a Rent-to-Own Home? A rent-to-own home will have a lease. Then, with that lease, you’ll have either an option or a requirement to buy at the end of a certain period of time. The rental payments that you’re making will include not just the rent itself but also should be contributing to your future down payment. You can simultaneously build your credit score and down payment.
      You could opt for
MORTGAGE RATES
U.S. averages as of June 2024:


30 yr. fixed: 7.03%
15 yr. fixed: 6.36%
5/1 yr. adj: 6.59%






for this setup if you don’t have the money right now for a down payment or closing costs.
      If you only rent traditionally, then you aren’t building
houseWondering What Your Home Is Worth?

Let me show you.




Preparing Yourself to Buy a New Home
     Getting ready to buy a new home can be stressful and put unneeded strain on every aspect of your life. Without preparation, you might find yourself searching desperately for a home and contacting multiple agents to help you out. You might also start worrying about whether you’ll ever be able to find a new home. Those stresses and strains can ruin family relationships as you all try to cope with what going on. Luckily, there is a better way to go through the process. With the proper preparation, buying a house can be just as smooth as you dreamed it would be.
      1. Plan Out What You’re Looking for in a Home The first best thing that you can do, before you even start house shopping, is figure out what you’re looking for in the first place.



Using ‘Side Gig’ Income to Help Qualify
     Lots have been said about ‘side gig’ income these days. You know, extra income outside of your current full time job. Whether it’s because things are a bit more expensive than they used to be or just because someone wants a little extra money on the side to do with whatever. Maybe it’s just a part time job somewhere or perhaps it’s a bit of consulting work. Whatever the source, while the extra income is nice to have, some might wonder if a lender will include it when qualifying for a home loan. The answer is probably not. Here’s why.
      First, lenders want to see some stability in income. That’s why lenders can ask for at least a two year employment history. If you’ve applied for a  mortgage before, you’re familiar with the lender sending an employment verification form to your employer to verify how long you’ve been there and how much you make. Yes, that information is asked for on the initial loan application but lenders want

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How to Do DIY Work on Your Property Safely
     Whether it’s for a personal upgrade or to add value to your property for a sale, DIY work can be an enjoyable challenge that pushes you both physically and creatively. While it’s easy to simply pick up the materials you need and get on the job, skimping on the necessary safety equipment is not worth the risk.
      Even the simplest jobs come with their safety risks. Understanding these risks and what measures you need to take to protect yourself can save you from some nasty injuries. In this post, we’ll take a look at the proper safety procedures that come with using tools and clothing while doing DIY work at home.
      Clothing Protective clothing for homeowners has come a long way since the early days of DIY. These days you can pick up anything that you see in a construction site, from glasses and gloves to hardhats and safety harnesses. Assess the risks involved in your job and determine which clothing will be needed.
      Gloves are a staple that should be worn at all times as your hands are always vulnerable. It’s also great to have the added strength and grip that


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Carol Erwin, REALTOR®
E-mail: [email protected]
Website: http://www.buytheforgottencoast.net
Cell: 850-819-1205
Forgotten Coast Realty of NW Florida
Office: 850-648-3000
710 Hwy 98
Mexico Beach, FL 32456


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