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Copyright 2004 Homesolutionssandiego.com
All Rights Reserved
webmaster@homesolutionssandiego.com
All Rights Reserved
webmaster@homesolutionssandiego.com
6 Reasons to Buy Real Estate -- Right Now
By Turner Earnest, President, Constitution Mortgage
If you've been thinking about buying a home, but considered it
too big a financial gamble -- now's the time to reconsider. You
probably haven't considered the risk of NOT buying a home. For
most working people, home ownership is the single most reliable
path to financial security. Without it, you may find it
impossible to gain access to the kind of money necessary to
support yourself in later years, pay for your children's
education, or start that business you've always dreamed of.
According to Katherine S. Newman, author of "Declining Fortunes: The
Withering of the American Dream", those who don't get into their own
home by a certain age may have made "a misstep that will dog their
heels for the rest of their lives."
And now, the timing is especially right to make the dream of home
ownership a reality. In fact, there has never been a better time to
buy a house or invest in real estate. Here are six great reasons
why right now is the time for you to buy real estate:
1. Interest rates are still at historically low levels.
Historically low interest rates let you to buy a better home with a
much lower payment than ever before. Most of the time, your house
payment will be lower than rent. Luckily for you, rates are still
great, but our economic recovery is pushing those rates up. To take
advantage of what might be a once-in-a-lifetime opportunity, you
must act quickly.
2. Real Estate is one of the hottest investments you can make,
whether you are investing or buying for your own primary residence.
The risk of mutual funds and the stock market are frighteningly real
after millions watched their nest eggs shrivel to nothing over the
past years. According to local Real Estate data, home values have
appreciated at an average of 25.5% over the last three years. For
example, if you bought a $200,000 home three years ago, today that
home would be worth $251,000.
Right now, the stability of real estate combined with low interest
rates create an investment opportunity that's too good to pass up.
3. Real Estate is both secure and profitable.
Home ownership of has long been viewed as a solid and secure
investment. There is good reason for this. One of the greatest
things about home ownership is that you have a tangible asset.
You can see it, touch it, and drive past it, unlike stocks or
mutual funds.
Historically, property values have always increased in value in the
long term. This has held true in every country with a capitalist
based economy.
4. The tax advantages of real estate such as deductible
interest and property taxes make payments feel even lower.
Sure, your payments may seem like they're the same as you were
paying in rent. But when tax time rolls around, you will likely find
that you've saved thousands in taxes from the deductions created
by owning your own home.
You see, the government WANTS you to buy a home. So, as an
incentive, they give home owners special tax breaks as a reward.
It's a great feeling when you open your mailbox and see your
first huge tax refund check after purchasing your home.
5. You can buy your dream home without a huge down payment.
Not very long ago, you needed 20% down payment to even consider
buying a house. But right now, lenders have made it simple to
purchase a home with little or no money down. In fact, many lenders
have zero down payment programs available.
Even if your credit isn't so good, the FHA (Federal Housing
Administration) allows people with less than perfect credit to buy a
home with a very small down payment. There are also gift programs
and down payment assistance programs available to those in special
circumstances.
For example, Special lender programs have made payments more
affordable than ever. One of the products we offer gives a fixed
payment of less than $670/mo. on a $200,000 loan. These loans give
you the opportunity to buy a larger home while keeping your monthly
payments more affordable. Even with poor credit there are programs
available to get people into homes. Believe it or not I've
helped people with a bankruptcy less than 6 months old buy a home
at a great interest rate.
6. You build equity that you can use however you choose.
Home Equity loans provide you a powerful borrowing tool whether you
need to fund your retirement, college costs, or that long-deserved
vacation. A home equity line of credit or loan get you the money
you need at an interest rate lower than nearly any other loan.
Plus, the interest you pay on that loan may be tax deductible, just
like the interest you pay on your mortgage.
So, now you know, whether you are considering buying your own home
or investing in Real Estate, now is definitely the time to turn your
dreams into reality. Can't you see yourself sitting in a home
you can truly call your own, getting your share of the American
Dream
of home ownership?
At Constitution Mortgage, our experts help you find the loan program
that's right for your specific needs. Please call Constitution
Mortgage at 813.792.2232 to learn how to take advantage of the
opportunities awaiting you through home ownership.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Constitution Mortgage is a family-owned mortgage broker in Tampa,
Florida. They believe in life, liberty, and the pursuit of
happiness and the "American Dream" of home ownership. More
information about the benefits of home ownership and the ease of
attaining a low-rate mortgage can be found at
http://www.Florida-Constitution-Mortgage.com
By Turner Earnest, President, Constitution Mortgage
If you've been thinking about buying a home, but considered it
too big a financial gamble -- now's the time to reconsider. You
probably haven't considered the risk of NOT buying a home. For
most working people, home ownership is the single most reliable
path to financial security. Without it, you may find it
impossible to gain access to the kind of money necessary to
support yourself in later years, pay for your children's
education, or start that business you've always dreamed of.
According to Katherine S. Newman, author of "Declining Fortunes: The
Withering of the American Dream", those who don't get into their own
home by a certain age may have made "a misstep that will dog their
heels for the rest of their lives."
And now, the timing is especially right to make the dream of home
ownership a reality. In fact, there has never been a better time to
buy a house or invest in real estate. Here are six great reasons
why right now is the time for you to buy real estate:
1. Interest rates are still at historically low levels.
Historically low interest rates let you to buy a better home with a
much lower payment than ever before. Most of the time, your house
payment will be lower than rent. Luckily for you, rates are still
great, but our economic recovery is pushing those rates up. To take
advantage of what might be a once-in-a-lifetime opportunity, you
must act quickly.
2. Real Estate is one of the hottest investments you can make,
whether you are investing or buying for your own primary residence.
The risk of mutual funds and the stock market are frighteningly real
after millions watched their nest eggs shrivel to nothing over the
past years. According to local Real Estate data, home values have
appreciated at an average of 25.5% over the last three years. For
example, if you bought a $200,000 home three years ago, today that
home would be worth $251,000.
Right now, the stability of real estate combined with low interest
rates create an investment opportunity that's too good to pass up.
3. Real Estate is both secure and profitable.
Home ownership of has long been viewed as a solid and secure
investment. There is good reason for this. One of the greatest
things about home ownership is that you have a tangible asset.
You can see it, touch it, and drive past it, unlike stocks or
mutual funds.
Historically, property values have always increased in value in the
long term. This has held true in every country with a capitalist
based economy.
4. The tax advantages of real estate such as deductible
interest and property taxes make payments feel even lower.
Sure, your payments may seem like they're the same as you were
paying in rent. But when tax time rolls around, you will likely find
that you've saved thousands in taxes from the deductions created
by owning your own home.
You see, the government WANTS you to buy a home. So, as an
incentive, they give home owners special tax breaks as a reward.
It's a great feeling when you open your mailbox and see your
first huge tax refund check after purchasing your home.
5. You can buy your dream home without a huge down payment.
Not very long ago, you needed 20% down payment to even consider
buying a house. But right now, lenders have made it simple to
purchase a home with little or no money down. In fact, many lenders
have zero down payment programs available.
Even if your credit isn't so good, the FHA (Federal Housing
Administration) allows people with less than perfect credit to buy a
home with a very small down payment. There are also gift programs
and down payment assistance programs available to those in special
circumstances.
For example, Special lender programs have made payments more
affordable than ever. One of the products we offer gives a fixed
payment of less than $670/mo. on a $200,000 loan. These loans give
you the opportunity to buy a larger home while keeping your monthly
payments more affordable. Even with poor credit there are programs
available to get people into homes. Believe it or not I've
helped people with a bankruptcy less than 6 months old buy a home
at a great interest rate.
6. You build equity that you can use however you choose.
Home Equity loans provide you a powerful borrowing tool whether you
need to fund your retirement, college costs, or that long-deserved
vacation. A home equity line of credit or loan get you the money
you need at an interest rate lower than nearly any other loan.
Plus, the interest you pay on that loan may be tax deductible, just
like the interest you pay on your mortgage.
So, now you know, whether you are considering buying your own home
or investing in Real Estate, now is definitely the time to turn your
dreams into reality. Can't you see yourself sitting in a home
you can truly call your own, getting your share of the American
Dream
of home ownership?
At Constitution Mortgage, our experts help you find the loan program
that's right for your specific needs. Please call Constitution
Mortgage at 813.792.2232 to learn how to take advantage of the
opportunities awaiting you through home ownership.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Constitution Mortgage is a family-owned mortgage broker in Tampa,
Florida. They believe in life, liberty, and the pursuit of
happiness and the "American Dream" of home ownership. More
information about the benefits of home ownership and the ease of
attaining a low-rate mortgage can be found at
http://www.Florida-Constitution-Mortgage.com
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