Emma Grace Brown has a website called My Life. My Rules, where she writes about her philosophy about life.
Here are some of the options you should explore to buy a home if you don’t meet financial requirements, brought to you by Love After Kids.
Increase qualifying income
Get a co-borrower
Apply for an FHA Loan
Build better credit
To help you save up money for a down payment or to restore your credit, consider moving into an apartment. You can find apartments in and around Austin that suit your budget. Sites like Rent.com can help you sort through the thousands of listings by monthly payment. This could be the temporary solution you need to get your finances back on track.
When you embrace these options before looking for a home, you will make the process much smoother. Work on your credit score and consider loan products that offer better terms for people with bad credit. Once you secure funding, you can search for a home with confidence.
David B. Younger, Ph.D. is the creator of Love After Kids, for couples that have grown apart since having children. He is a clinical psychologist and couples therapist with a web-based private practice and lives in Austin, Texas with his wife, 17-year-old son, 8-year-old daughter and 9-year-old toy poodle.