5 Great Reasons to Buy A Home in 2017
If you are contemplating whether to buy a home in 2017 here are 5 great reasons to do so.
Rent is Spendy
Paying rent is much more expensive than owning a home and typically increases with inflation. Your mortgage payment will not change if it is a fixed rate. Buying a house is a great decision if you have stable income and a little bit of savings.
Gain Equity
Equity can be achieved by paying down your mortgage or increased property value. This is a great way to build wealth. Home values have been on the rise so don’t miss out!
Mortgage Rates Are Still Low
Just 10 years ago the average mortgage rates were around 6.5%. Mortgage rates today are way lower which makes it a great time to buy.
Affordable Down Payments
You might not need as much money as you think to buy a home. Buying a home can be achieved with as little as 3-5% down. The days of putting 20% down are not required, however, if you choose to do so your monthly payment will be that much lower.
Stronger Economy
It has been a tough decade for the country when it comes to the economy and more specifically, jobs. Unemployment numbers have been slowly decreasing and everyone should feel more confident in their job stability.
We all have different financial situations. However, if you can afford to buy a house, there are many great reasons to do so.
Rent is Spendy
Paying rent is much more expensive than owning a home and typically increases with inflation. Your mortgage payment will not change if it is a fixed rate. Buying a house is a great decision if you have stable income and a little bit of savings.
Gain Equity
Equity can be achieved by paying down your mortgage or increased property value. This is a great way to build wealth. Home values have been on the rise so don’t miss out!
Mortgage Rates Are Still Low
Just 10 years ago the average mortgage rates were around 6.5%. Mortgage rates today are way lower which makes it a great time to buy.
Affordable Down Payments
You might not need as much money as you think to buy a home. Buying a home can be achieved with as little as 3-5% down. The days of putting 20% down are not required, however, if you choose to do so your monthly payment will be that much lower.
Stronger Economy
It has been a tough decade for the country when it comes to the economy and more specifically, jobs. Unemployment numbers have been slowly decreasing and everyone should feel more confident in their job stability.
We all have different financial situations. However, if you can afford to buy a house, there are many great reasons to do so.
