There is a certain state of mind that is being drilled into our collective psyche by the media that goes something like this: 'You cannot buy a home now, you don't know if you will have a job tomorrow.' And they go on to show all the countless people who are at the job fairs with resume in hand.

However, if you are currently renting and you lose your job and can't pay the rent, what happens? Your landlord evicts you and probably faster than a mortgage company can foreclose on you!

Yet that is what we hear in the news day after day, people are afraid to buy because of the economy.  Oh, woe is me!

Don't get me wrong, I know there are plenty of people out there who can't buy a home for lots of rational reasons that prevent them from qualifiying but, the economy isn't one of them.  Let's put on that 'common sense' thinking cap for a moment and look at things with a saner attitude.  If you are renting a good size apartment, townhouse, condo or even a single family home, you are most likely paying around $1,000/month.  Now for that same approximate monthly outlay you can purchase a $150,000 home using FHA financing.

What do you have to do differently than what you're doing now? You need a down payment of 3.5% or $5,250, which can come all from you or partly from you, gifted to you in total or in part from Mom or Day, Grandmother, or Uncle Joe.  Your credit score needs to be 600+ and your revolving and installment debt when added to the proposed mortgage payment generally shouldn't exceed 45% of your gross (before taxes) monthly income.  How many of you have I lost? I'll be not many.

Now let's keep those thinking caps on and look at the market place.  You would be amazed at how many good homes you can buy today for $150,000 in the Louisville market! And there isn't a real estate worth their salt that couldn't get you that property with the seller paying your closing costs.

So while you still have that thinking cap on, give me a call at (502) 238-7400 or visit my website at and let's get started.  It's all free, no obligation.

Hope you all have a terrific week and that your Fall is off to a great start!