QUESTION:
What is the #1 reason to buy a home in a good market or bad?
ANSWER:
Mortgage payments eventually end but rent payments are forever!
Think about it for a moment and it makes sense. When you pay off your mortgage, which is the biggest monthly expense that consumers have, the payments stop. With rent, the payments are ongoing and continuous forever.
Regardless of if the economy is good or bad, even if home values are going down, owning a home means that one day your housing expense will end!
Think of the freedom that comes from not having to pay for a roof over your head every month.
When do you want to start working toward that goal?
One Last Thing to Think About
If you are scared to buy a home because you may lose your job or face some other economic challenge ask yourself this...
Q: If you can't pay your rent because you lost your job, what happens?
A: You get evicted - the landlord is not going to let you live there for free!
Q: If you can't pay your mortgage because you lost your job, what happens?
A: It's the same as if you rent, you get evicted - the bank is not going to let you live there for free so why be paralyzed about something that has not happend and may never happen?
Now the final question that only you can answer?
Why are you waiting to buy a home?
If you are waiting to purchase a home because of a valid concern, let's say for example that there is a strong possibility of a job transfer this year, then it's probably a good idea to wait.
If however you are delaying the purchase of a home out of fear, then now is the opportunity to become educated so that your decision making process will be based on fact, not emotion. Only then can you make an informed decision that is best for you!
Give me a call to discuss all of your options, without any obligation or pressure, you will be glad you did!
Give me a call today!
Mark A. Miskiel
"Delivering a level of service that can only be described as exceptional!"
(928) 634-7987
miskiel@msn.com
NMLS # 198563
First time buyer loans, Purchase, Refinance, ARM Conversion, Construction, 2nd Home, Investment, 100% Financing, Lot Loans, Reduced/No-Closing Cost Options, Reverse Mortgages, FHA, VA, Rural Housing, Manufactured.
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