You may have been led to believe that purchasing a house as a single parent is going to be an uphill struggle. Though there is some truth in this, it’s actually much easier than you may have originally thought. Of course, this is as long as you’re sensible in your decisions.

When going down this path, there are many financial matters you have to think about besides the ones listed below; though it’s fair to say these are quite possibly the most important. To help keep things simple, consider the following three points. Hopefully with these you’ll find the process to be a whole lot easier:

Speak With a Local Housing Authority

Depending on where in the country you live, there is going to be a local housing authority that can have you placed in a specific home ownership plan, designed for people who need help to move onto the property ladder.

Many people don’t know these programs exist, meaning they instead choose to rent rather than allow their monthly mortgage to help them slowly pay off a house. Though there’s nothing wrong with renting for a short period, if you rent indefinitely, you’ll have nothing to show for it when it comes time to write your will and hand over your assets to your children.

Contact a Mortgage Broker

Though the experience may seem entirPurchasing a house for single parents is highly possible if you know what you are doing!ely alien to you, when you look towards purchasing a house as a single parent you’re going to have to contact a mortgage broker. This way you’ll have someone to talk you through your options when it comes to applying for, and hopefully receiving a mortgage that you can afford.

It’s much more difficult to hold down a mortgage if you only have one income stream, especially if you have to pay for child support along the way. Just be ready for questions when you speak with Smartline mortgage brokers, as these professionals will take the time to familiarize themselves with your situation, and in turn help you understand what they believe your chances are of being offered certain mortgage deals.

Consider Your Financial Positives

As a single parent you may feel you have nothing going for you financially, but in many cases this couldn’t be further from the truth. Uncovering these will make it a whole lot easier for you to get the a-okay on a mortgage that will eventually lead to you owning your own house.

If you have young children, there’s every chance you can work from home while looking after them during the daytime. There are a number of home working careers single parents can look into, including:

  • Writing; the internet has created a huge need for online content
  • Accounting; you’ll have to take appropriate online classes to qualify, but working as an accountant from home is a very flexible career choice
  • Marketing; if you feel you have the skills to offer marketing consultation advice, this can easily be done from home

Buying a house as a single parent might seem overwhelming in the beginning but if you consider the points above you’ll find that it’s not as impossible as you think. While it will require money and effort, being able to have your own residence from where you can raise your children is definitely worth the investment.