Rent Or Buy?


"Hi. My name is John Marion. I'm a real estate investor and a licensed agent in Georgia.

I may be able to help you lower your monthly rent payments through home ownership!

You can take advantage of low housing prices and low mortgage interest rates in the Atlanta area right now."

There are several factors which affect your decision to rent or own.

Credit Score

Your credit rating does not need to be among the highest ratings. But you do need a decent credit score in order to qualify for a loan to purchase a house. If you rent to buy or lease purchase a home, your credit rating is less of an issue right now. You can rent for a period of time, then when your credit rating improves you can buy the house you are renting.

Verifiable Income

In order to qualify for a mortgage, a lender will require proof that you have steady income over a period of time. Additionally, your income will determine the maximum loan amount you can get.

Debt to Income Ratio

Mortgage lenders will calculate how much you pay monthly to service your current debts compared to your monthly income. If the lender determines you have too much debt, you may have to pay off some of your bills before you can qualify for a loan to buy a house.

Pre-Qualification Letter

Your mortgage lender will provide you with a pre-qualification letter for you to use when you put in an offer to buy a house. Give that letter to your real estate agent who will submit it with your purchase agreement offer to the seller. The pre-qual letter will assure the seller that you are a qualified buyer.

Talk to a Mortgage Lender

When you decide to pursue buying a house, you will need to talk to a mortgage lender. The lender will ask you questions about your monthly income and debts. The lender may run a credit check before issuing you a pre-qualification letter.

Compare Mortgage Rates to Monthly Rent


John Marion is the agent who buys houses in Cherokee County Georgia and throughout North Metro Atlanta
Call or TEXT John @ 703-371-9548