Yes, buying a home is scary since you’re making a major commitment. What you may not know is not buying a home is even making a worst commitment. When you pay rent, you get nothing in return besides being able to live some place until rent is due next month which the cycle just repeats itself.

When you buy a home this is what happens:

1. You make a monthly payment just like what you do when your paying rent, BUT by making your mortgage payment, your reducing what you owe the bank, AND with each successful mortgage payment you’re improving your credit history showing that can use credit wisely and this can be useful in the next point.
2. When you make a payment and your mortgage down along with your value is going up (Value only has gone down in 2007-2009, 2001,1994-1996,1985-1987 or an recession period) making a gap between what you owe and what your home is worth. This offers to options that you won’t have with renting. You get a home equity loan with a lower interest rate than Credit cards or student loans. You can sell the home and take the profit and buy another and do it again.

Paying Rent can have it’s advantages.

1. If you don’t know which suburb or city you want to live after life changing events.
2. You have to live in area for a period of time because of work or other requirements.
3. You want to wait till the market is down trending to buy when there is more inventory available.

Every persons situation is different and we understand that you need a custom approach to what kind of living situation you want. We will sit down with you can go over every options so you can make a the right decision for you.

What you need to worry about when Renting!

Just as we don’t watch grass grow, it still does. Just as we may not realize, time is passing by. If you stay in renting to long in renting (years) you will be stuck in a cycle that you may not know how to get out of and also miss out on the great opportunities mentioned above that home ownership can provide for you.

No matter what your situation is, you can change. All you need to is contact the right people to get you on path to your goal. People that want to really lose weight will learn everything they need to know about losing weight or they will hire people that will tell them what they need to do. Buying a home is the same. If you have bad credit or no credit, a loan officer will be able to tell you want to do to fix it. Even if it takes a year, your on the path to home ownership and home ownership is a game changer if you want to improve your financial situations.

Let us know how we can help you.