Well it’s the age old question! What do I do? Rent? Buy? Live in a box by the river under the bridge lol. It’s a tough one. What I will tell you is that before you make any decision you MUST make sure you have all the "correct" info. You will read lots of stuff out there (advertisements) its like a huge used car sales pitch for one way or the other depending on if the person is renting out new apartments or the builder is trying to sell the new homes they just built. So what we need to start with this what are your short and long term goals? Are you planning on moving to Mexico next week or are you planning on staying put for the foreseeable future in your current location. Once that is established we need to look at the amount of monthly housing payment we feel comfortable with and the amount of money that you have saved up for a down payment. These are things you need to talk to a mortgage professional about. There are lots of items included in payments (taxes, insurance, mortgage insurance, homeowners association dues(potentially), etc.). These items are things we need to factor in, so when you are looking at payments you are looking at what they actually will be not what we wish they would be in a perfect world that does not exist lol. Also when it comes to down payment there are many options. Sometimes it may be about the same as a first month’s rent and security deposit on a rental unit. So OPTIONS are out there. If you want to discuss what’s actually available for you I am one call or email away. There are many more benefits to buying a home like: building equity, tax break, etc. All stuff we discuss but first we need to figure out what option is best for you!
Captain Wayne - Rowlet...
Panama City, FL
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