Affordable Real Estate
Are you still writing those checks to your landlord every month to keep a
roof over your head, but not accumulating any home equity? If you are
still renting because you think you still need a fortune to get into
your own home, you should investigate today's real estate market.
Interest rates are still relatively low, which means that mortgage loans
are affordable, with payments potentially in the range of your current
monthly rent. Qualifying for a loan was never easier, especially since
lenders have increased in large numbers and are competing for your
business. Even if you couldn't qualify to buy a home just a few years
ago, you may be able to qualify today. There are a number of
government programs and mortgage packages which require small down
payments, in the three to five percent range--and that is not even
talking about the tax advantages! Think about it the next time you
write a rent check.