Cupertino CA First Time Home Ownership Resource – Homebuyer Guide Released

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Cupertino realtors Gupta Realty Group (408-882-1369) of KW Realty has published a resource to help readers achieve their homeownership goals. The report highlights key topics such as down payment options, mortgage pre-approval, and credit ratings.

Sharad Gupta released a new report to shed some light on various solutions to common barriers experienced by buyers. As the prospect of owning a home before the age of thirty becomes bleaker, Gupta wants buyers to know that there are viable options and financial incentives that can help.

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Gupta Realty Group released the report to educate potential buyers and young people on the avenues and resources they can utilize to finally stop renting and buy a home of their own.

As mentioned in “How to Stop Paying Rent and Own Your Own Home”, millennials and young adults are struggling with lower odds and higher interest rates than past generations. When asked about the largest barriers to buying a house, one of the most common responses was the ability to save for a down payment while still covering basic monthly living expenses.

Often, a monthly mortgage payment on a home is lower than market prices for rent, suggesting that the challenge is generating the down payment itself. Saving for a sufficient down payment can seem next to impossible without help from family members.

According to the report, there are several financial resources available outside of family and friends, such as government-backed incentives. Local, state, and federal sources offer grants, loans, tax credits, and other incentives to help ease the monetary constraints facing many buyers.

For example, the First Time Home Buyers Incentive can cover up to 15% of a home’s current value and can be applied to the down payment, renovations, eco-friendly upgrades, and more.

Buyers with healthy credit scores can usually receive loans and mortgages at lower interest rates from their financial institution or lender to help cover costs. While high-interest loans may be an option for buyers with poor credit, the report recommends clearing any outstanding debt prior to applying for a mortgage to receive better rates.

About Sharad Gupta:

With over 15 years in the real estate business, Gupta is committed to helping his clients build equity and reach their homeownership goals.

Interested parties can access the full complimentary report by visiting

Release ID: 89061957