Why is today a good time to purchase a home? Data from the Federal Reserve shows that those that own have ten times the net worth compared to those who rent. Therefore, the earlier you become an owner, the more likely you will be able to take advantage of the long-term benefits of homeownership.
It is impossible to time the market. That is exactly why we feel today is the time to purchase a home. Home prices are rising and this means that the home you purchase will be more expensive in the future.
It is important to understand that real estate is a long-term investment. If the value of real estate rises just 5.0% per year over the next few decades, the real estate you purchase today will be worth two times as much in 14 years and three times as much in 22 years.
In addition to rising prices, there are additional reasons why today is a good time to buy:
•Interest rates are low. Lower rates make mortgage payments more affordable.
•Homes provide long-term protection against inflation, as a mortgage payment rises much slower than rents.
•The government will help you buy. From tax benefits to special programs, the government will help you purchase a home.
When purchasing a home today, a consumer has a choice of many lenders. Despite these choices, we believe that we provide the best combination of services and loan choices for the American Homeowner. We are truly committed to helping you achieve the America Dream of Home Ownership. It is our mission to be your partner in this process and we hope to be with you every step of the way as you make your dreams become a reality.
Let us provide a LoanFirst™ Approval for you so that you can find the home of your dreams. There is no cost and no obligation. Contact me to get started.