Todd Abelson: (520) 991-VA VA
Sunny Tucson, AZ










 
 

The Rent VS. Buy Dilemma

Most people who rent can actually afford to buy their own homes. So what’s stopping them?

Many people believe that owning a home requires a big down payment...which is difficult to save while paying all their regular monthly bills.  Others are convinced they wouldn’t qualify for a mortgage, and that the payment would be too much anyway. Additionally, just about everyone is overwhelmed by the process of buying a home. It seems life would stay a whole lot easier to just keep paying rent!

 

Here are a few facts that may change your mind:

 

FACT:  Right now, there are over 200 different types of home loans, some with surprisingly low down payments or even ZERO down payment.

FACT: The average mortgage payment costs about the same, sometimes less, as the average rent payment. For example, if you are paying $850 per month in rent, you could be making mortgage payments on your own $110,000 home. That would probably buy you much more space (and privacy!), than you’ve got right now. Plus, if you have a fixed rate mortgage your house payments will not increase like rent payments.

FACT: 77% of renters surveyed said the biggest reason they won’t even check into the possibility of owning a home is because they are afraid they will feel obligated to buy, or pressured by salespeople. Note: One way to stay in control while working with real estate salespeople is to be pre-approved for a home loan before you begin to shop.

 

How Do I Figure How Much Home I Can Qualify For?


An easy and accurate way to figure how much you can qualify for is to be pre-approved for a mortgage before you begin looking at homes! You can schedule a free, no-obligation appointment with us by calling (888) 745-5100. Todd Abelson is available at ext. 17160.  We will discuss your plans and goals and suggest options for your consideration. This will allow you to shop for your home in total confidence, because you’ll know you’ve already been pre-approved for the loan.

Click here to for an on-line approval!

Should I Buy A House Now Or Wait For Rates To Come Back Down?

Regardless of what interest rates are available, buying a home now will accomplish 3 things. First, you will begin building equity in your home through appreciation (increasing home prices). Second, you will save money through tax write-offs from the payment of interest and property taxes. Third, you will begin enjoying your home TODAY!

Now, don’t waste another minute. Get out there and buy a house!

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