Article by Kevin Faber
In this market, buying a home may be more cost effective than renting. In addition to being the fiscally smart move, buying a home may also be preferable because you own the property and have more control over what you can do with it. For those under 30, getting a mortgage may seem like a pipe dream considering their student loan debt and other costs of living. How can you accomplish your goal of being a homeowner before 30?
Buying a home under the age of 30 can be difficult because you may not be in the best financial situation. However, hard money loans or government-backed mortgage products may help you get your first mortgage and buy your first home. From there, equity in that first home may help you acquire your next home or used to acquire investment properties.