You searched:
“Rent is too expensive should I buy”
If you're searching for 'Rent is too expensive should I buy', you're probably feeling the weight of rising rental costs and wondering if there's a better way. You're not alone — millions of renters are facing the same dilemma. The good news is that there are more options available than you might think, and people just like you have successfully made the transition to homeownership. At National Mortgage Home Loans (NMHL), we've helped thousands of borrowers navigate this exact situation, and we're here to offer guidance and support.
Take a breath. Help is here.
- You are not alone -- thousands of people search this every month
- Real options exist for your specific situation
- No judgment -- just honest guidance from licensed professionals
We've Helped Others in Your Situation
Why This Happens
Understanding the common reasons -- and knowing that each one has a path forward.
- 1Rents have increased faster than wages in many areasSolution exists
- 2You're tired of rent hikes and want stabilitySolution exists
- 3You're ready to build equity instead of lining a landlord's pocketsSolution exists
- 4Your family is growing and needs more spaceSolution exists
- 5You're concerned about the long-term costs of rentingSolution exists
There's Always a Path Forward
Being denied feels overwhelming, but it doesn't mean your homeownership dream is over. Our specialists work with challenging situations every single day.
Understanding Your Options
When rent feels too expensive, buying a home can seem like a daunting but attractive alternative. However, it's essential to understand your financial situation and the mortgage options available to you. At NMHL, we've helped countless borrowers navigate this exact dilemma.
Our loan officers will work with you to assess your financial situation, credit score, and income to determine the best loan options for your needs. We offer a range of programs, including FHA, Non-QM, and bank statement loans, designed to help borrowers who don't fit traditional lending criteria.
Take the first step toward homeownership today
The Benefits of Homeownership
Building equity, tax benefits, and stability are just a few advantages of homeownership. When you own a home, you're investing in your future and creating a sense of permanence for you and your family.
- You'll have more control over your living situation and can make changes to suit your needs.
- You can build equity over time, which can be used for future investments or financial goals.
- Homeownership can provide tax benefits, such as mortgage interest and property tax deductions.
Discover the benefits of homeownership with NMHL
Navigating the Mortgage Process
The mortgage process can seem overwhelming, but with the right guidance, it can be a straightforward and manageable experience. At NMHL, our loan officers are dedicated to helping you every step of the way.
From pre-approval to closing, we'll work with you to ensure a smooth and efficient process. Our goal is to help you achieve your homeownership goals and make the dream of owning a home a reality.
Let NMHL guide you through the mortgage process
Taking the Next Step
If you're ready to explore your mortgage options and take the first step toward homeownership, NMHL is here to help. Our loan officers are experienced professionals who understand the challenges and opportunities that come with buying a home.
We'll work with you to create a personalized mortgage plan that fits your needs and goals. Contact us today to schedule a consultation and take the first step toward achieving your homeownership dreams.
Contact NMHL today to start your journey to homeownership
Your Options Right Now
NMHL Pre-Approval
Get pre-approved with NMHL and discover how much home you can afford. Our pre-approval process is fast, flexible, and designed to work with your unique financial situation.
Act quicklyAlternative Loan Programs
NMHL offers a range of alternative loan programs, including FHA, Non-QM, and bank statement loans, designed to help borrowers who don't fit traditional lending criteria.
Act quicklyPersonalized Mortgage Planning
Work with an NMHL loan officer to create a personalized mortgage plan that fits your needs and goals. We'll help you navigate the process and find the best loan options for your situation.
Act quicklyTalk to someone right now
No automated menus. A real licensed mortgage professional who understands your situation.
(248) 864-2200Want to talk through your options with someone who's helped hundreds of people in your exact situation? We're here — no judgment, no pressure.
Start Your Application
Takes about 5 minutes. No obligation. No credit check until you are ready.
Our Presence
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Frequently Asked Questions
While traditional lenders often require a credit score of 700+, NMHL offers more flexible options. We work with borrowers with credit scores as low as 580, and in some cases, even lower. Our loan officers will help you understand your options and find the best fit for your situation.
Being self-employed doesn't disqualify you from getting a mortgage. NMHL offers bank statement loans and other alternative programs designed for self-employed borrowers. We'll work with you to find a loan that fits your unique financial situation.
The amount of down payment required varies depending on the loan program. NMHL offers options with down payments as low as 3.5%. Our loan officers will help you explore the best options for your situation and guide you through the process.
Pre-qualification is an estimate of how much you might be able to borrow, while pre-approval is a formal agreement from a lender stating the amount they're willing to lend. NMHL's pre-approval process is a powerful tool that gives you a clear understanding of your homebuying budget and makes you a more attractive buyer to sellers.
The mortgage process typically takes 30-45 days, but it can vary depending on your situation. At NMHL, we pride ourselves on our efficient and personalized service. Our loan officers will guide you through the process and keep you informed every step of the way.
Want to talk through your options with someone who's helped hundreds of people in your exact situation? We're here — no judgment, no pressure.
We will reach out at a time that works for you. No pressure, no obligation.