"An expected 5-percent rise in home prices next year will continue to build wealth and confidence" according to a prediction by CoreLogic.
So think about this for a minute... If you buy a home priced at $300,000, put 20% down (you can put less than 20% down, by the way), and finance it for 30 years (360 payments) at an annual interest rate of 4%, your monthly principal and interest payment would be $1145.80. If values do rise by 5% in the next year, you would be gaining about $1250 per month. Still think renting is better? Oh, and by the way, you get to deduct your interest payments and property taxes when filing your tax returns. Win Win!
Give us a call today and we'll help you get on a path to home ownership. We LOVE helping our clients build wealth! 480-726-7000 or search for homes or calculate mortgage costs on our website at www.RyanWhyteTeam.com
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