Saturday, March 29, 2014

Why you should buy a home now vs rent

I hear all the time people say for what I'm paying in rent I could own a house. You can purchase a home with no money down via USDA Rural Housing or with a VA loan if you are a veteran. FHA also has financing with downpayments as little as 3.5%

With spring here now is a great time to get preapproved to purchase a home. Interest rates are still very low and are expected to rise throughout the year. In addition the housing market is heating up and we are seeing a rise in home values. Buying a home now makes a lot of sense vs waiting until fall when interest rates and home prices could be higher.

Even if you have been turned down in the past for financing now is a great time to see if you can get preapproved to buy a home. Lenders have loosened up their qualifications including lowering the minimum credit scores and allowing higher debt to income ratios.

Contact me today to get preapproved to purchase a home and start building equity in your home vs your landlords.

Ron Meyer
(920) 213-0428
www.gsfron.com
rmeyer@gogsf.com
Home of the no appraisal refinance
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