Only you can decided if home ownership is right for you.
Consider this
Home ownership can be a personally and professionally rewarding endeavor where most Americans can raise a family, call a house a home and create wealth.
However, often real estate professionals, mortgage brokers, friends and family will tell you things like
- Don't wait, buy now.
- renting is a waste of money.
- Taking on debt is always o.k.
- real estate prices are going up
- you don't need a down payment
These are not always the right answers.
Ask yourself if you need to have a place to live, enjoy and call home; you will receive tax advantages, a hedge as a safeguard against inflation and build equity as you contribute towards your nest egg.
please speak with your personal and professional advisers before any decisions. However, also remember...
you are the best expert of your own money and personal financial situation. Only you can decided if home ownership is right for you.
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