Renting....?? Now Is The Time To Buy and Here Is Why

Renting...?? Now Is The Time To Buy and Here Is Why

With home prices down, and mortgage interest rates at record lows, purchasing a home could be more affordable than ever for first-time home-buyers. It is also a great time for renters to look into the possibility of buying a place of their own.

Renters should meet the following criteria if they are thinking of buying:

               -Committed to living in the same location for a few years

               -Have a secure job and income

               -Saved enough money for a down payment

Everyone with a mortgage in all actuality pays rent, either to a landlord or to the bank.

Renters should also be aware of the advantages of home-ownership. The major benefit is building home equity by paying the mortgage down. Additionally as an owner, you can remodel, paint and make any changes that make a house your home.

For  most people owning a home means saving money on taxes because you can deduct mortgage interest and property taxes.

Please visit my website http://www.ericasellsri.com/ and follow me on Facebook for more information on home buying or selling.