When I purchased my home in 2005 I was ready. After being on a waiting list for 12 months I was able to work on seeing if I could get approval for a first time home buyers loan. I was proud, a single mom who worked since age 13 was now going to buy her first home. Once the approval letter came in, I started looking at real estate websites to see what homes were out and about within my budget and loan approval amount.
There were many homes to choose from but I let my daughter, who was about 3 years old at the time help me tour each home and choose which one she liked best. She chose a decent one that was close enough to town that I woudln’t be scared & nervous home alone at night and yet enough land for her to have a backyard to play in.
I was happy, all seemed to have gone uphill for me. Then it happened a little over a year ago I got divorced, we had fallen behind due to his job loss and after the divorce I simply hadn’t been making enough to play catch up. My home now sits ready for foreclosure any day and honestly it makes me sad but maybe this means it’s time for a new chapter in my life and I can’t hold onto what I can’t catch up with.
This reminds me to tell you all that when you are looking to buy a home remember this is a HUGE commitment and lenders don’t have patience nor the luxury of waiting when job loss comes around, so make sure that you are financially committed and ready to take care of a home before you go on the search for a home of your own!