When you’re trying to decide whether you should buy or rent a property, there’s one simple question you need to consider.
Do you want a house or a home?
Why You Might Want to Rent
If you’re young — coming straight out of college or from a family member’s place — you might just need a house. You need to get used to living by yourself. You have to learn what you like about a property, and what you don’t.
Much the same result comes about if you are transitory. If you have a job that requires you to move around a lot, or you are thinking that the city you’re looking at might not be for you, there’s a good chance you need to rent a house or apartment for a little while.
Because the truth is, buying is good for those who want to settle down.
Why You Might Want to Buy
The biggest reason for buying a home is economic: all the money you use for rent disappears. When you buy a home, you get something back. You get equity.
Rent is what you pay to live somewhere. A home loan, on the other hand, is an investment.
Not only is ownership a big advantage when you’re looking at your finances; the mortgage payments also end up being cheaper than rent payments in the long run. Mortgage interest is also tax deductible, which offers major benefits for homeowners compared to renters.
Are you ready to settle down? If so, consider buying a property.
How Do You Buy Your Property?
Of course, if you’re looking to get a mortgage in Florida, Maine, New Hampshire, or even Colorado, Emmanuel St. Germain is your best bet. The St. Germain family has been in this business for the past twelve years, and his team has decades of combined experience working in the industry.
Emmanuel will get you an official pre-approval letter for your mortgage so that you and your real estate agent will know exact what your budget needs to be. With this valuable stamp of approval, your real estate agent can be confident in showing you homes that you will be able to buy. Once you’ve found the right place, Emmanuel will help you through each step of the buying process to ensure it goes smoothly.
Don’t settle with your retail bank, you need a license mortgage banker that is familiar with all the underwriting guidelines, and doesn’t make mistakes. In a competitive market, time is of the essence and Emmanuel and his group can get loans done in half of the time that retail banks can.
So, what are you waiting for? If you’re interested in an experienced mortgage lender who cares, call Emmanuael St. Germain of Choice Mortgage Bank at 561-400-7317 today!