Cracking the Code: Buying A Home For People With Bad Credit ” by Susette ONeal is a comprehensive guide to achieving Homeowner Status and growth. With over two decades of Home Buyer expertise, Susette offers practical tips and real-world strategies to help readers build a strong Home Buying foundation, manage their money wisely, Rebuild their credit, thereby sustain long-term wealth.
Something unique about the book:
What sets “Cracking the Code: Buying A Home For People With Bad Credit ” apart is its blend of practical financial strategies with inspiring success stories of real people who have transformed their financial lives. Susette ONeal simplifies complex Home Buying concepts into easy-to-understand and actionable steps, making it accessible for readers at any stage of their Home Buying journey.
The author’s favorite excerpt(s) from the book:
Preparing Your Exit Plan. Now that you understand the importance of an action plan, let’s dive into how you can repair your credit for your Home Buying goals. rt which will allow lower interest rates when your home is purchased.
A great way to ensure your action plan is effective is to use the SMART principle. This means that your goals must be Specific, Measurable, Achievable, Relevant, and Time-bound. Here are the steps to follow to craft your exit plan utilizing the SMART principle.
Specific: ”I want to purchase a single-family home with at least 3 bedrooms and 2 bathrooms in a safe and family-friendly neighborhood.”
Measurable: ”I aim to save a down payment of $40,000 within the next 24 months.”
Achievable: ”Based on my current income and budget, I will save $1,667 per month towards my down payment goal.” Relevant: ”Owning a home aligns with my long-term goal of providing stability and a permanent residence for my family.”
Time-bound: ”I plan to have enough savings and be mortgage-ready to make a purchase by [specific date, e.g., December 31, 2023].”
This SMART goal example is specific in terms of the type of home desired, measurable with a clear savings target, achievable based on the monthly savings plan, relevant to personal aspirations, and time-bound with a set deadline for achieving homeownership.
Get Your Copy Today!
