Rent vs Buy

The Rent VS. Buy Dilemma

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

A lot of people believe that owning a home requires a big downpayment...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 235 different types of home loans, some with surprisingly low or even ZERO Down Payment.

FACT: There are special programs that help first-time homebuyers come up with a down payment.

FACT: The average mortgage payment costs about the same, sometimes less, as the average rent payment. For example, if you are paying $1,200 per month in rent, you could be making mortgage payments on your own $225,000 home. That would probably buy you a lot more space (and privacy!), than you’ve got right now.

FACT: 77% of renters surveyed said the biggest reason they won’t even check into the possibility of owning their own 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 get pre-qualified.

How to Figure How Much Home You Can Qualify For?

An easy and accurate way to figure how much you can qualify for is to get pre-approved for a loan, even before you begin looking at homes!

You can schedule a free, no-obligation appointment with a lender, or I can offer the services of a local lender that I use by calling me at 410-795-3000 ext# 121 or 1-888-785-3751 ext#121. In this meeting they will share with you what your options are and how to start the process of finding the perfect loan to fit your current needs. This will allow you to shop for your dream home in total confidence, because you’ll know you’ve already been pre-approved for the loan.

If you would like to know more about this FREE pre-approval process, please call my 24hr FREE PROPERTY INFO HOTLINE at 410-795-5500 ext.# 3430 for your FREE copy of the report "SEVEN DIFFERENT REASONS TO OWN YOUR OWN HOME" You won't talk to a salesperson; after the recording simply leave your name and address on voice mail, and you will receive this critical report in several days. If you would prefer to receive it by e-mail please leave us your e-mail address.

For additional information concerning your mortgage needs, please call us at 410-795-3000 ext. #121 or email us.