Freedom
The home is yours. You can decorate any way you want and you will benefit from your investment for as long as you own the home.
Equity
Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity in your home.
Predictability
Unlike rent, your fixed-rate mortgage payments don’t go up over the years. However, keep in mind that property taxes and insurance costs will rise.
You no longer need a big down payment
Historically, it was customary to make a down payment of 20% of the home’s sale price, which prevented many people from considering home ownership. Today, there are many affordable loan products that require little down.
It’s a good time to buy
In today’s market, the affordable housing prices, large inventories of homes available and low mortgage rates provide a great opportunity to many first time home buyers. (Don’t forget that first time home buyers may also be eligible for a $8,000 tax credit!) Buy before the end of the year and take advantage of the 3% minimum down payment.
Call me today to find out how you too can become a home owner!
Colleen Kulikowski
(716) 650-0051
