If You Buy a Home Now You Could Save Over $217,000!
Yes you read that right! Now is the time to buy a new home because you can save over $217,000 over 30 years. Yes, 30 years is a long time but according to Realtor.com…..Wait just one year, and you throw nearly $19,000 in savings down the drain. The penalties are so high because mortgage rates are forecast to increase and because home prices are rising quickly, according to our chief economist, Jonathan Smoke.
Rents, home prices, and mortgage rates are all expected to rise significantly over the next several years,” Smoke says. “That means the cost of delaying homeownership will go up even more sharply, if you wait three years or even one.
Nationally, it’s cheaper right now to buy than to rent, home prices are expected to appreciate, and, while renting is subject to inflation, homeownership costs are locked. (Click here to read the full article on Realtor.com.)
Now is the time to start looking for a new home. We know of the best financial options available to help you own your own home. First Time Home Buyers (if you haven’t owned a home in 3 years) can get up to $10,000 in down payment assistance.
In some areas you can get a USDA loan and build your own home and get 100% financing! It is possible to own your own home. Don’t delay – lock in great reates today while they are still low!