La Hora del Camaleón: Buying a House

• Summary of the topics from another episode of La Hora del Camaleón to keep you updated.
• The topic discussed was buying a house and the misconceptions surrounding it.
• An expert shares a couple of cases on the matter.

You’ve probably heard at some point about the debate of buying versus renting, but in this summary, we’ll tell you a bit about what was discussed in an episode dedicated to that.

Many people think that buying a house in the United States is impossible, but that’s not true. So, how do you achieve it?

Well, now we’ll share with you a few points that were discussed on the show so you can either get motivated or analyze if it can help you acquire your own home.

To do this, an expert in the field joined us and answered some frequently asked questions on this confusing topic.

Renting or buying a house

This question seems to be eternal and seems to have no definitive answer, but that’s not entirely true; it’s about different scenarios.

The expert mentions that an important point about owning a property is that you generate certain benefits that don’t appear when you rent a home.

The first and most important of these have to do with the appreciation of the house you own.

This means that the capital of the house increases over the years, and what previously cost a certain amount may later be worth a larger amount.

The buyers

Another topic discussed is who is a candidate to buy a home in the United States. Of course, the issue of people with papers and those without is also present.

The expert explains the processes, people, and important aspects that determine how a person in a certain immigration status can access different assistance.

She says that a significant number of people don’t know they can get help to acquire property, and that’s why they don’t approach to learn about processes.

From people with DACA to those with political asylum, she explains a bit of this to ensure people are not misinformed on this topic.

Credit matters

When discussing credit, many people get confused. This is indeed important and cannot be denied, but it is also misunderstood by many.

Just as there are plans for people to take advantage of certain benefits when they are looking for a home, there are also ways to improve or repair their credit.

The expert argues that it’s not necessarily about having perfect credit in terms of assistance; it’s about having one that allows you to qualify for help.

To achieve that, there are processes that experts in the field explain to you and tell you the steps to follow so that you can proceed with the next objective.

Other topics of this episode

What happens if you acquire a home and then get deported? Do I lose everything I’ve invested in the property?

Can only those with papers buy a home? If they say no, what is the process?

If I am abroad, can I acquire property in the United States?

La Hora del Camaleón says goodbye for now but hopes you’ll be encouraged to fully explore everything this episode has prepared to inform you.