Interest rates are at an all time low. With lower interest paid on mortgages, it means you can get more house for the amount you can afford to pay each month. If you lock in for a 30 year term at today’s interest rates, when interest rates rise, as they surely must, your interest rate will remain low. Mortgage Lenders now have plenty of money to lend on Real Estate. To snooze is to lose.
Inventory is high. Currently there are many properties to choose from. Good deals can be found readily. It is a Buyer’s Market.
Build Equity. A portion of your monthly payment will go to principle each month, paying down your mortgage and increasing your equity.
Tax Deduction on Interest. Government still allows a deduction for interest paid on home mortgages.
The joy of Home Ownership. You can improve the home at your discretion to better suit your needs.
Good Long Term Investment. Real Estate Values seldom go down. Values are down currently due to the recession, but in the long term, Real Estate Values steadily increase. When the economy improves, Real Estate Values will accelerate.
Better than Renting. If you own your own home, you can have pets and do things that you may not be allowed to do in a Rental. Owning is more profitable than renting. When you rent a home, you are buying it for someone else.
Call Terry McCraw at McCraw Real Estate to get professional help in finding the home of your dreams. Terry has over 40 years experience in the business. A full time Real Estate Broker who is reputable and responsible. McCraw Real Estate is a full service Real Estate Firm specializing in Listings, Sales, Development, Appraisals and Auctions. Realtors and Members of MLS. (540) 320-5200.