Did you know that mortgage interest payments are tax deductible in most cases? Did you know that you may several other deductions associated with home ownership?
Now is the time to buy in this strong Buyer's Market. Imagine owning your own property for about the same or sometimes even less than what you're paying in rent! It's a good idea to start looking, especially if you have school aged children - you could be moving once school is out for the year.
To begin, I recommend all renters call a reputable lender and become pre-approved for a mortgage (not pre-qualified). This way, you know exactly what you can afford and that you have a commitment to receive a mortgage at a specified interest rate when you're ready to sign a contract. Second, once you have chosen a home, make sure you get insurance quotes and build a clause into your contract that states the insurance quote must be acceptable to you before proceeding with the purchase.
I'd be happy to answer any questions any renter may have about purchasing a home - there's a lot to consider, but no better time!
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Landmark Real Estate Specialists
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