Saturday, June 9, 2012

Best Time in Years to Buy a Home


  Why  Buy a Home Now?
1. Home affordability is at an all-time high.
The median mortgage payment on the median priced home as a percentage of the median household income is lower than it's been in a generation.

2. Home Mortgage rates are at bottom, and will go up soon.
As interest rates go upwards, monthly payments and total loan costs will go upwards.

3. Buy Now; Buy at Lowest price in years!
After declining nearly four years, home prices are stabilizing in many markets.

4.  Sellers are motivated.

5. Financing is readily available for qualified buyers!We have Zero down programs
Banks are lendind to well-qualified buyers.

6. Owning vs. renting is increasingly favorable.
Since 2009, the average principal and interest payment has fallen below the average rental rates, and the gap is now wider than it's been in the past 25 years.

 Homeownership is still the  American Dream!
Owning a home is key to financial stability and wealth building. It's like a forced savings account, a place to live and a fabulous tax deduction. Make sure you you keep your senators informed.

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