856 478-6562
*Nancy and seller must agree on price and timing. † Based on Bright MLS 2020

Nancy Kowalik Real Estate Group is an award-winning boutique real estate brokerage specializing in all facets of Southern New Jersey’s robust residential real estate market. Founded in 2016, the firm has quickly become one of the state’s leading independent brokerages, known for its home sale guarantee. Based on a pre-determined, agreed-upon price and timeframe, founder and president Nancy Kowalik guarantees the sale of her client’s home with the promise that the firm will purchase the property if it is not sold. Kowalik’s office culture focuses on teamwork and philanthropy. With 12 full-time agents working as a team, the firm promises 5-star service. Under Kowalik’s lead the group has given over $80,000 to a local non-profit since 2017 and has been an ongoing supporter of local High School and intramural sports programs.

Stop paying your landlord’s mortgage and pay your own!

If you’ve been renting and are considering a move, you may be thinking about buying. Or maybe you think you cannot afford to buy because you don’t have enough money saved. You’ll be surprised to find out that if you have good credit, and not a lot of money saved there are programs out there that can help you. But why buy now?

Owning Vs Renting What’s the difference?

If you’re renting, you’re already paying someone’s mortgage; Your landlord’s! Why should you have to be the one putting equity into his or her home when you could be doing it for yourself? Renting is like taking money out of your pocket and watching it disappear, whereas owning is like taking money from your right pocket and putting it into your left.

Owning a home comes with many advantages. There are tax advantages and ultimately you are gaining equity in your home which is a sound investment. Also, currently the interest rates are historically low, which means your dollar will go much farther than it would with higher interest rates.

With all that being said, stop paying your landlord’s mortgage! But, if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like home. And how could it when you’re not even permitted to bang in a nail or two without a hassle? You probably feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.

But we’ve got some good news for you; it doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little-known facts that can help you get over the hump, and transfer your status from renter to homeowner. With these 5 tips, you will begin to see how you can do it.


1. You can buy a home with much less down than you think:

There are some local or federal government programs (such as 1st-time buyer programs) to help people get into the housing market. You can qualify as a first-time buyer even if your spouse has owned a home before—as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area so they can offer programs to help you with your options.

2. You may be able to get the seller or your lender to help you with your down payment and closing costs:

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

3. You May Be Able To Create A Cash Down Payment Without Actually Going Into Debt

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

4. Owning Vs Renting: You Can Buy A Home Even If You Had Trouble With Your Credit Rating

If you can come up with more than the minimum down-payment or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

5. You Should Get Preapproved For A Home Before You Go Looking For A Home

Preapproval is easy and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over the phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application and a certificate that guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage and being stuck in the renter’s rut forever. Typically, there is no cost or obligation to enquire.

Ken Reagan from Greentree Mortgage will gladly speak to you about a mortgage preapproval.

Call 609-706-1117 to speak to Ken directly, or click here this button to contact Ken via his webpage:

Greentree Mortgage

Once you’re pre-approved, a team member from Nancy Kowalik Real Estate Group will happily help you find your home!

Now that you’ve read our tips about how to stop paying your landlord’s mortgage, you should feel more confident about making your next move, so give us a call now.

Call 856-478-6562 to get started, or fill out this form and we will contact you!

Your Home SOLD GUARANTEED or We’ll Buy It!* If you or anyone you know is looking to make a move in the near future, give us a Call at 856-478-6562

*We must agree on price and timing.

View All Buying Your Next Home Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: