There are several benefits to purchasing a home, including:
- Purchaser's are often surprised that a monthly mortgage payment is actually LESS than the monthly rent payment. You may find a loan that is the same, or slightly more than, your monthly rent.
- Owning a home can save you hundreds (even thousands) of dollars in taxes each year.
- Unlike renting, buying your own home means steady monthly living expenses. To lock in your mortgage payment, secure a fixed-rate loan.
- The last, but not least, benefit is having the freedom to make decisions about how you live. As a homeowner, YOU decide whether or not to have a pet; YOU decide whether the walls are red or yellow; and YOU decide whether or not to remodel.
To find a trusted, experienced mortgage professional to determine if you are ready for home ownership - ask a Realtor.
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