Katy Spake’s Post

Let’s face it—living with your parents has its perks. Free laundry, home-cooked meals, and (hopefully) no rent. But if you’re one of the many young adults still living at home, you might also be feeling a little stuck. And that’s okay—life is expensive right now. Student loans, rising rents, and the cost of housing have made it harder than ever to take the leap into homeownership. But here’s the thing: waiting too long to make a move might cost you more in the long run. https://trst.in/g4NNNa #FirstTimeHomeBuyer #MortgageTips #ReadyToOwn #MillennialMoney #HomeBuyerJourney #RealEstateTips

Almost 10 years ago, I bought my first home. I was working in education, and I didn't even have enough in savings to put down 5% down payment (thank you, student loans!). My family wasn't in a position to just gift me a down payment (an actual suggestion a loan officer made which shows how out-of-touch they are with the reality of most Americans!) So I borrowed from my 403b to make it work. A lot of conventional advice would have told me not to do any of that, but I knew that home ownership was a path to building wealth so I figured out how to make it happen. I was able to rent a room out in that house which helped me quickly pay back that loan. And few years later, I was able to sell that house at over 50% of what I paid for it, and buy a significantly more expensive house with 20% down. I will never have to think twice about being able to put 20% down on a home again, and all because I was able to scape things together to buy that first home. Whether you want a home to build wealth, or so you have something to live in rent-free in your old age, or so you have something to pass down to your children, or because you just don't like the idea of renting, home ownership should be accessible to more people. I was so excited to see that the economic plan put forth yesterday included down payment support for first time home buyers - and in particular, that it includes additional supports for those who are first generation home buyers. We don't have enough policies that explicitly acknowledge the advantages that generational wealth gives people in life; this one does. And hopefully it will help make home ownership accessible to people who are often systemically excluded from it.

🔎 𝐈𝐬 𝐘𝐨𝐮𝐫 𝐒𝐭𝐮𝐝𝐞𝐧𝐭 𝐃𝐞𝐛𝐭 𝐑𝐞𝐚𝐥𝐥𝐲 𝐒𝐭𝐨𝐩𝐩𝐢𝐧𝐠 𝐘𝐨𝐮 𝐟𝐫𝐨𝐦 𝐁𝐮𝐲𝐢𝐧𝐠 𝐚 𝐇𝐨𝐦𝐞 𝐢𝐧 𝐆𝐞𝐨𝐫𝐠𝐢𝐚? Hey there, fellow Georgians! Worried about juggling student loans and a mortgage? You’re definitely not alone. But here’s the good news: having student debt doesn’t automatically mean you can’t buy a home. In fact, from cozy starter houses in small towns to sleek condos in places like Atlanta or Savannah, Georgia’s got plenty of options for first-time buyers. The trick is to know where your money goes, set a realistic budget, and look into programs that can help—like state-specific grants, first-time homebuyer assistance, and lower-interest mortgages. If you’re still nervous about balancing those monthly payments, don’t stress. Start by mapping out your expenses and see if tweaking your student loan repayment plan—like switching to an income-driven option—can free up extra cash. Also, check out Georgia’s down payment assistance programs, which can seriously cut down the cost of buying. When you’re ready to take the next step, reach out to us! We’ll help you walk through the details, connect you with the right resources, and figure out a plan that fits your life. Pretty soon, you’ll be ditching those homeownership myths and settling into a place you can truly call your own. 𝐔𝐑𝐒𝐔𝐋𝐀 & 𝐀𝐒𝐒𝐎𝐂𝐈𝐀𝐓𝐄𝐒 📞 (678) 389-3887 ✉️ info@callursula.com #StudentDebtMyths #GeorgiaRealEstate #GenZHomeownership #FirstTimeBuyer #MortgageTips #DownPaymentAssistance #StudentLoanHelp #GeorgiaHousingMarket #Budgeting101 #FinancialFreedom

🏡Homeowners! You may have more resources than you know... 🔑Unlock the power of your home's equity! It's not just sitting there—it's the key to achieving your real estate dreams. Whether buying, refinancing, or investing, understanding equity can be your ticket to success. Let's make your dreams a reality! ‼️You can leverage the equity in your home in several ways, depending on your financial goals and needs. Here are some common options: 1. Home Equity Loan: This is a lump sum loan based on the equity you've built in your home. It's repaid over time with fixed monthly payments and a fixed interest rate. 2. Home Equity Line of Credit (HELOC): A HELOC works like a credit card, allowing you to borrow against your home's equity as needed, up to a certain limit. It usually has a variable interest rate. 3. Cash-Out Refinance: This replaces your existing mortgage with a new, larger one, allowing you to take out the difference in cash. It's typically used for significant expenses like home improvements or debt consolidation. 4. Reverse Mortgage: Available for homeowners aged 62 and older, this allows you to convert your home's equity into cash without selling your home. It's typically used for retirement income. 5. Investing: You can use the funds to invest in other properties or assets, potentially generating additional income or diversifying your investment portfolio. 6. Paying Off Debt: Using home equity to consolidate and pay off high-interest debt can lower your monthly payments and save on interest. 7. Education Expenses: Equity can be used to fund education costs, which might offer better terms than student loans. 🤔Before deciding, consider the risks and consult with a financial advisor to ensure it's the right choice for your situation. If you are ready to become a homeowner, but don't know where to start, I am the perfect guide to assist you on your real estate journey Give me a call today! 810-347-9374 Stavona Marie 🩷💙🏡From newborns to new homes, delivering on lives biggest moments! ♥️👶🏽🔑

🎉 Start 2025 in a Brand-New Home! 🏡✨ The SmartBuy Program is changing lives by helping homebuyers tackle student debt and achieve their dream of homeownership! 🏠💼 💰 What’s Included? • Up to $40,000 in student loan relief—wiping out debt from accredited institutions or trade schools. • Plus, $5,000 for down payment or closing costs assistance. 🌟 Highlights & Caveats: • Each buyer’s situation is unique—this program is case-by-case! • The $40K cannot partially pay off one loan. If you have multiple loans, funds will be applied across them until fully used. • Household income must not exceed $135,000. • Program requires the purchase of your primary residence in Illinois, with FHA buyers now eligible! ❗Important: If you sell your home before 3 years, a prorated portion of the student loan relief must be repaid. 🔥 Responses to this program have been incredible! Buyers are currently being qualified, and you could be next. 💬 Call me at (773) 742-6643 for more details and to start the process. Let’s make your dream of homeownership a reality in 2025! 📌 Don’t Wait—Funding is Limited! Scan the QR code or visit my website for more info, www.grisellschicago.com . . . . . . . . . #SmartBuyProgram #StudentLoanRelief #HomeownershipGoals #FHALoans #DownPaymentAssistance #FirstTimeHomeBuyer #IllinoisHomes #ChicagoRealEstate #DebtFreeJourney #NewYearNewHome #grisellrealestate #chicagobroker #chicagoland #chicagohomes #HomeBuyingJourney

Do you know that owning a home is still part of the American dream for most people? According to the attached article, 78% of the individuals surveyed, feel this way. Now is a good time to work towards your dream of owning a home. Start paying down any debt that you may have. Get to work on student loan debt. If you don't work on your financial situation then no one will. Contact me, to assist you with the direction of homeownership. #owner#home#Americandream#payingdowndebt#owningahome#work#goodtime#getridofdebt#changefinancial#studentloandebt#contactme#realtor#assistyou.

Discover loan options tailored for single parents. From FHA and VA loans to state programs and more, this guide helps you navigate homeownership with confidence. #Homeownership

Discover loan options tailored for single parents. From FHA and VA loans to state programs and more, this guide helps you navigate homeownership with confidence. #Homeownership

Discover loan options tailored for single parents. From FHA and VA loans to state programs and more, this guide helps you navigate homeownership with confidence. #Homeownership