Buying a home isn’t just about having a place to call your own—it’s one of the smartest financial moves you can make. Unlike renting, where your monthly payments don’t build equity, homeownership allows you to invest in something that grows in value over time.
Matt Garcia, a Senior Loan Officer at Supreme Lending, has helped countless buyers make smart, confident decisions about homeownership. He puts it simply: owning a home is one of the quickest ways to build wealth. Instead of paying someone else’s mortgage, you’re investing in your future. And the best part? Your home could appreciate in value, meaning more financial stability down the road.
Beyond building equity, homeowners also get tax perks. Mortgage interest and property taxes may be eligible for deductions, which can lead to big savings. Matt points out that these government incentives make homeownership even more rewarding. More money back in your pocket? Yes, please!
Mortgage Myths—Busted!
A lot of people hold off on buying a home because they believe certain myths about the mortgage process. Matt hears these concerns all the time and is happy to set the record straight.
Think you need a perfect credit score? Not true! Buyers can qualify with scores as low as 580.
Worried you need a huge down payment? Many programs allow buyers to put down as little as 3%, and there are even 100% financing options available.
Recent graduate? You don’t have to wait two years—college education counts as job history, so you may be able to buy right away.
Concerned about job history? As long as you have a steady two-year work history (even in different fields), you’re in good shape.
One of the biggest mistakes Matt sees? People trying to fix their credit before even speaking to a lender. Mortgage credit reports work differently than consumer reports, so some DIY credit “fixes” can actually hurt your chances. Matt always recommends checking with a mortgage professional first to get a clear picture.
For First-Time Buyers: Just Take the First Step
If you’re thinking about buying a home, don’t be afraid to get started. Pre-approval isn’t a pass-or-fail test—it’s a way to figure out where you stand and what steps you need to take. Even if you’re not ready today, having a plan in place makes all the difference. Since no one teaches mortgage financing in school, Matt believes that getting expert guidance early is key.
How Much Can You Really Afford?
Homeownership isn’t just about securing a loan—it’s about making sure it fits your life and budget. Matt encourages buyers to think about:
- What monthly payment feels comfortable
- How much they can put down while keeping savings intact
- The costs of maintaining a home beyond the mortgage
Taking these things into account helps buyers find a price range that works without stretching their finances too thin.
Thinking About an Investment Property?
If you’re considering a second home or an investment property, there are great financing options available. Matt explains that second homes typically require just a 10% down payment, while investment properties can be purchased with as little as 15% down. If you’re thinking bigger—multi-unit properties require a 25% down payment—but the potential rental income could make it a great long-term move. One of the biggest benefits of owning a rental property? Someone else is paying your mortgage for you while you make a profit and continue building wealth.
At the end of the day, investing in a home—whether it’s your first, second, or an investment property—is a solid way to build wealth and financial security. With the right guidance and a little planning, homeownership might be closer than you think.
Matt Garcia knows mortgages inside and out—literally! From his days as a processor and underwriter, his expertise has made him Supreme Lending’s top loan officer since 2014. He also ranks in the Top 200 Loan Officers across all companies in the country. A Marietta native and UGA grad, when not working, Matt enjoys concerts, traveling, movies, and sports.
Matt Garcia
Supreme Lending
678.523.0981
matt.garcia@supremelending.com