Many people today can own a home right now, but for various reasons don't think they can.
In all probability rent will increase over the years, whereas with a fixed rate mortgage the payment will remain constant for the life of the loan and after thirty years you will own your home. Not to be faced with a lifetime of increasing rental payments.
Have you ever really considered what it cost over a period of thirty years to make rental payments?
* Mortgage equivalent are based on a comparison to monthly rental payment estimated principal & interest - actual payments may vary. All figures are given as approximations to illustrate examples. Illustrations assume that the borrower has necessary qualifying income, minimal debt, average credit. Subject to loan qualifications based on program’s underwriting guidelines. It is not an advertisement to extend consumer credit as defined by section 226.2 of regulation Z. Program terms and interest rates are subject to change without notice.
The home buying process might seem a little confusing if you haven't gone through it before. However, it can actually be a lot easier than you think, PARTICULARLY if you're working with someone who's got a lot of experience assisting people with their real estate needs.
Purchasing a home is all about decision-making. You can only make the best decision only when you have the best information available from an experienced agent who can ACCURATELY interpret it for you.
We have specialized in assisting homebuyers make the most informed decisions they can for the last decade: decisions based on location, the market, financing options, the condition of a home, its real price as distinct from its sales price, what "extras" to negotiate for, which service providers to use and lots more. The best part is that our service cost you nothing! We earn our compensation from the seller.
If you’d like to know more about the purchasing process we have written an informational handbook that explains the entire process from A to Z. You'll find answers to basic and difficult questions. The book is FREE and NO OBLIGATION, what-so-ever!