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.
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