The above chart shows how much you could spend on rent over the years. Don’t throw your hard-earned money away on rent — let me show you how to put it towards your new home. Put your monthly rent payments to work for you! Get on the path to home ownership with great home financing options.
■ Low or NO down payment options
■ Flexible terms and qualifying guidelines
■ Competitive rates and fees
■ Fixed-rate and adjustable-rate loans
■ Conventional and Jumbo Loans
■ Government options, including FHA, VA, USDA
■ Unique loan programs such as Fresh Start, for borrowers who may have experienced a credit event
Are you thinking of buying a home, but not sure where to begin?
CALL 571-446-002 Claudia S. Nelson
With mortgage rates at a thirty year low, there has never been a better time to buy a home.
Find out what the pros and cons are of buying versus renting.
Value of home may increase over time
Stable monthly mortgage costs*
Mortgage interest and real estate taxes may be tax deductible**
Feeling of stability and permanency
Freedom to live by your own rules
Adapt home to fit personal needs
Renter does not gain equity
An increase in the value of rental property may lead to higher rent
Rent payments can increase each year
No mortgage interest or real estate taxes are paid directly by the renter, so renter may not take deductions
Leases to be renewed, depending on landlord
Close neighbors, landlord intrusion
Must live by landlord rules
Must negotiate any changes with landlord
In my opinion, there are so many advantages of homeowners ship. If you are currently in the service and receive housing payments you can turn your BAH into an investment. No need to paying your BAH to your landlord and making your landlord rich, but trust me landlords will love getting your housing allowance and at the end of your tour, you will not have any of the funds in your pocket. By buying a home you can add the BAH into the equity of your home and cash out after or turn your home into an investment property.
If you own pets it is so much easier to own your own home versus renting. I currently have a dog and two cats, if I had to rent a home there wouldn’t be many landlords that are accepting 3 pets. You should definitely consider buying a home if you have pets or you are thinking about adopting pets.