We all have stories about money that shape our decisions. Here are 9 common ones that can hold you back from taking that step toward homeownership:
1. “I don’t make enough money to buy a home.”
You don’t need a huge salary to make it work—there are flexible mortgage options that can help.
2. “I need a perfect credit score.”
Many believe they need flawless credit, but lenders have options for various credit ranges.
3. “I’ll never save enough for a down payment.”
There are programs designed to help first-time buyers with low down payment options.
4. “Debt disqualifies me.”
Having debt doesn’t always mean you can’t buy a home. It’s about managing it wisely.
5. “The market is too expensive.”
Don’t assume you’re priced out! There may be affordable options like condos or emerging neighbourhoods.
6. “Renting is cheaper and safer.”
While renting may seem easier, homeownership can build long-term wealth and stability.
7. “I need to know everything before I start.”
You don’t need all the answers. Start where you are, and let an expert guide you.
8. “I need to wait for the perfect time.”
There’s no perfect moment to start—opportunities can come when you least expect them.
9. “I’m not good with money, so I shouldn’t buy a home.”
You don’t need to be a financial whiz—smart planning and advice can get you there.
Let’s change the narrative and explore how homeownership could be closer than you think!