• Fixed Rate Mortgages
• ARMs
• Home Equity Loans
• Purchasing & Refinancing Loans
• New Construction Loans
• Manufactured Housing Loans
• Less Than Perfect Credit Loans
• Interest Only Loans
• No Closing Cost Loans
• WHEDA, FHA, and VA Loans
• Title Insurance with ABC Title

I'm a Renter—but I'm ready to Buy a Home.
What Should I be Considering?

One of the first decisions you need to make when considering buying a home is if it's the right decision for your particular financial situation. Since owning a home is the "Amercian Dream", many people simply assume that it's always to their advantage to buy a home—and for most people it is! We've laid out some of the advantages and disadvantages for both scenarios in the chart below. Please take a moment to review them and see how your situation fits in. We would be more than happy to discuss your situation with you and see if buying a home right now would be in your best interest. Give us a call, e-mail us, or stop in today.

RENTING
BUYING

• When the lease is up, you can
just move.

• There is no investment in your
rental. All monies go directly to
your landlord and no equity is
built up for future needs.

• You have limited, and some-
times no ability to personalize
your living space.

• There is generally less work and
cost in maintaining a rental. Those
responsibilities are often assumed
by the landlord.

• You have no tax advatages
when renting. The landlord gets
any and all tax breaks that are
available.

• You take part in the "American
Dream". You have a home and
a foundation.

• Your home is an investment
for your future. Over time,
the mortgage balance decreases
and the equity in your home
increases, even if the value of
your home doesn't increase.

• With your own home, you have
the ability to remodel and
redecorate to match your own
needs and desires.

• There are many tax advantages
attached to home ownership.
Please consult competent legal
advice for details on your
particular situation.

 

CONTACT US to discuss you home buying needs!