What makes you want to own a home?
Tired of paying someone else mortgage?
Hate moving every year?
Want to build equity?
Low interest rates?
Whatever the reason, it's important to have a clear idea of the pros and cons of being a homeowner to ensure you're making the right decision.
Jumping into the real estate market because people on t.v. tell you it's a good time, isn't the best idea. It has to be the right time for YOU. The market conditions or interest rates shouldn't be the main reason to make such a big purchase. You have to be ready to be a homeowner and everything involved with that. Although, with the current rates and sale prices, buying a home should be something to seriously think about right now.
Some things to consider:
How long to you intend to be in the area
How much money do you have saved
- Downpayment
- Closing Costs
- Emergency fund
Are you prepared to fix things yourself, not rely on a landlord
You will save money at tax time through mortgage and property tax deductions
You can paint walls, change flooring, add a deck, essentially do what you want because it's YOURS
Where do you want to live? Can you afford that area right now?
When do you want to be in a new home
Take a minute to write down (with your significant if applicable) the reason(s) why you want to own a home and if you're financially and emotionally ready.
If you have questions about financing or the local market, consult with a mortgage and real estate professional. We are here to answer questions and help!
Good luck!
Tired of paying someone else mortgage?
Hate moving every year?
Want to build equity?
Low interest rates?
Whatever the reason, it's important to have a clear idea of the pros and cons of being a homeowner to ensure you're making the right decision.
Jumping into the real estate market because people on t.v. tell you it's a good time, isn't the best idea. It has to be the right time for YOU. The market conditions or interest rates shouldn't be the main reason to make such a big purchase. You have to be ready to be a homeowner and everything involved with that. Although, with the current rates and sale prices, buying a home should be something to seriously think about right now.
Some things to consider:
How long to you intend to be in the area
How much money do you have saved
- Downpayment
- Closing Costs
- Emergency fund
Are you prepared to fix things yourself, not rely on a landlord
You will save money at tax time through mortgage and property tax deductions
You can paint walls, change flooring, add a deck, essentially do what you want because it's YOURS
Where do you want to live? Can you afford that area right now?
When do you want to be in a new home
Take a minute to write down (with your significant if applicable) the reason(s) why you want to own a home and if you're financially and emotionally ready.
If you have questions about financing or the local market, consult with a mortgage and real estate professional. We are here to answer questions and help!
Good luck!
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