*disclaimer: Not all individuals will qualify for each loan type and/or scenario. Please contact me to see if you'd qualify for certain loan products and/or discuss your options.
One of the biggest questions a person, couple, or family will have in life is whether to rent or buy a home. It's a big decision, and both sides have their pro's and con's.
If this sounds familiar, and you've been contemplating what to do yourself, let me give you a piece of advice: the time to purchase is now. Renting is great, and it might be a good short term decision, but purchasing a home provides a lot of long term benefits that shouldn't be overlooked.
Below is a list that shows how buying a home can be valuable to you and your family's future.
There is opportunity to build equity in your home. Over time, your home builds value. Paying down your mortgage, refinancing to shorten your loan term, and investing in remodeling and house projects can all help build equity in your home.
Getting a fixed rate loan means that you'll have the same monthly payment throughout the life of your loan. You won't have to worry about a landlord asking for more money at the end of each contract, or at the end of each year. You can plan ahead and enjoy your fixed monthly payments.
Purchasing a home and getting a mortgage can give you tax advantages. Speak to your local tax advisor as to how to make this happen.
Purchasing a home can help you build your credit. By showing lenders that you're responsible with your payments on major assets, your credit can increase.
Purchasing a home can create stability and familiarity for your family and friends. It can become a place of safety where your loved ones can gather, make memories, and build connections. It can be a long term investment that you don't have to move out of if your landlord decides to sell.
Contact me for more information on purchasing a home, and for a more detailed list of pro's and con's to making this investment.
*disclaimer: Not all individuals will qualify for each loan type and/or scenario. Please contact me to see if you'd qualify for certain loan products and/or discuss your options.
Brayden Ramsay NMLS #1997195
Momentum Loans NMLS #1606597
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