Top 5 Reasons Why You Should Buy a Home in 2017
Buying a home is one of the biggest decision you’ll make, but it can also be one of the best investments. Here are our top 5 reasons why you should stop paying rent in 2017 and instead, make the decision to purchase a home.
Mortgages Are More Affordable. Between today’s still low interest rates, and an abundance of mortgage products that offer a variety of low to no down payment options, it is much easier for first time homebuyers to find affordable housing options.
Less Strain On Your Application. Credit requirements have eased significantly, allowing for lower credit scores to be accepted. Plus, Homestead Funding offers a variety of products that allow for more people to find a mortgage that will fit with their particular financial situation.
Enjoyable Tax Breaks. Thankfully, a homeowner’s mortgage interest, and many other home-related expenses, are deductible from income tax. Thus, owning a home can actually help decrease tax burdens. Consult with a tax advisor about your specific situation.
It Helps Young Families Build Wealth. Instead of throwing away your hard earned money every month towards rent, put it towards a mortgage instead. Avoid worrying about rental cost rising because the money that goes into each mortgage payment will begin to build equity and contribute to a primary source of a homebuyer’s net worth. In some cases, buying a home is less expensive than renting.
Freedom in Owning a Home. Owning a home means being free to decorate and change it to better match your personal taste. There are now options to paint, change the flooring, hang photos, or even take down whole walls without having to worry about putting everything back when it’s time to move out. The house belongs to the homeowner, not a landlord who gets to call the shots.
If you have any questions about home loan rates or loan products, please don't hesitate to contact one of our Loan Originators.