Homeowner since November of 2015
I Purchased a brand new, 3 bedroom, 2 full bath home located in Chesterfield County
I received Grants and Down Payment Assistance totaling $16,000
I purchased my home because I became fed up with apartment living and having to deal with yearly rental increases. That, plus never receiving any additional value for the rental increases. Basically, I was very dissatisfied paying more for the same old thing. Home purchase means I don't have to keep moving every 3 or 4 years due to frustrations of rental increases that kept taking my hard earned money.
Advantage of home-ownership is feeling of security and stability. I'm very proud of what I've accomplished for my family and myself. Plus, I enjoy knowing that my mortgage payment won't increase each year the way my rent did!
Disadvantage of home-ownership going through the mortgage process had some challenges. Challenges that I worked very hard to overcome. However, I would do it all again if I had to. It's well worth the struggle.
I encourage you to reach out for home purchase assistance as I did. There are free classes and counseling assistance to help you address any credit issues plus obtain Grants and Down Payment Assistance I'm very, very proud to say I'm the first one in my family to purchase a home.