Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas according to Trulia latest Rent vs. Buy report. In fact, the report shows that homeownership is, on average, 38% cheaper than renting (going up to 66% in certain cities). A home is a valuable asset that exponentially increase your net worth.

So why are so many people (especially in their 20s and 30s) still renting? Well, there are lots of reasons, but many of them can be dispelled as myths about the home buying process.

Myth: You need a large down payment (20%) to purchase a home.

The truth is, a good mortgage broker can find you alternatives to putting down a large down payment on a home. There are also numerous programs that will assist you in buying a home without the 20% down payment. It can be hard to save while you are throwing money on rent, but most mortgages, with the right professionals, can keep your monthly payments to lower than what you are already paying for rent!

Myth: Qualifying for a mortgage can take forever.

In the old days this was certainly true. Today, with automation and technology, we are able to approve loans up to $650,000 in a matter of minutes. The right mortgage broker can get the deal done quickly and efficiently with no added anxiety for the consumer.

FACT: Most, if not ALL of these points depend on a decent credit report and FICO score.

It can be difficult when renting to get out debt that has been holding been you back, and then on top of that to think about purchasing a home. Purchasing a home can seem like an insurmountable financial step for many, but the truth is that most of the mountain can be climbed just by improving your credit history and building positive credit.

It's important to know how to prepare for such a large expense as purchasing a home. Just as many would advise you to locate a qualified real estate agent, professional help is also recommended when looking to get pre-approved for a mortgage. If you think you can't afford to hire professional help for your credit, the truth is you can't afford not to. Finding the right assistance can not only make the difference between being denied and approved but can save you tens of thousands of dollars over the lifetime of your loan.

At Select Us LLC, we work exclusively with individuals looking to purchase or re-finance a ome. Contact us today and get a free consultation with our specialists, including an in-depth analysis of your credit report. We work closely with clients from start to close and our aggressive strategies have proven to be the most successful in the industry. Even after hearing all of this, if you are still unsure, you owe it to yourself to see first hand what our proven techniques can do for you:

Click Here to get your FREE consultation and take the first step towards financial freedom!