If you are currently renting, and sitting on the fence debating whether or not it is the time to buy, you may be losing more than you think! Currently, the cost to rent in most communities is more expensive than the cost to buy. When purchasing a home you have the ability to lock in your interest rate up to 30 years where rental rates are increasing on an average of 3% per year historically. Today’s market, overall, is in favor of the landlord – not you.
Indecision is still a decision not to move forward. Buy now before the costs increase (house prices, lending costs, interest rates). If you have questions on the buying process or what you would qualify for, contact us today!