Tuesday, December 16, 2014
Wednesday, December 10, 2014
Just read this article - Why Renters Want to Own But Can't (see link below)
click here for the article
Bottom line - There are numerous low down payment programs available. Forget all the doomsayer articles and millennial spew you read about. Simple number crunching is the answer in order to arrive at a decision.
The question: If you put 3% down, do your payments of PITI (principal, interest, taxes and insurance) = what you would pay in rent, taking into consideration the net fed tax benefit.
The answer: if yes, consider taking the plunge because in addition to the equity you are building, you also have the possibility of appreciation.
Bottom line: The American dream is still alive
Let me know your thoughts
Bottom line - There are numerous low down payment programs available. Forget all the doomsayer articles and millennial spew you read about. Simple number crunching is the answer in order to arrive at a decision.
The question: If you put 3% down, do your payments of PITI (principal, interest, taxes and insurance) = what you would pay in rent, taking into consideration the net fed tax benefit.
The answer: if yes, consider taking the plunge because in addition to the equity you are building, you also have the possibility of appreciation.
Bottom line: The American dream is still alive
Let me know your thoughts
Subscribe to:
Posts (Atom)