5 Top Reasons To Buy A Home In 2015

Home ownership is something that was somewhat illusive over the last few years due to the crash and slow recovery of the economy. It is still one of the most traumatic experiences for a person to buy a home. In particular, buying a home with financing.

Home Ownership

Reason:  Psychologically, Many have never seen the amount of money it takes to buy a home in real life. Many probably never will. So when the reality of how much money is being loaned to the borrower settles in, the anxiety and worry begin to take their place in their minds. Although this is generally true for most, it is still a wiser decision to buy a home now rather than wait until a better time in the future.

Real Estate Markets

The Real Estate market ebbs and flows in cycles. Right now, we’re still near the bottom of one of those cycles where it is a good time to buy a home and get financing to do so.

The Following is a short list of 5 top reasons to buy a home now

1. Interest rates area still low

Interest actually have been low for a while, and while the FED keeps their rates down, the rates over all for borrowing money will remain low making it easier to carry the cost of borrowing money from a bank versus renting.

2. Rents are higher

Rents are still going up, and this is that part f the cycle where if you’re having to rent a condo for $1500-$2500 a month, it’s probably a good time to consider buying a home where you may be able to get a house payment in the $800-$1200 range. Think about this too. Interest is still a tax deductable expense, and you have the ability to utilize a portion of your home if you choose to do anything home based. It’s just a better situation to be in as an owner rather than renter.

3. There’s Inventory

Yes it’s true. Inventory around the country has gone up in number. Sometimes it’s because the banks and hedge funds have released portions of their portfolio holdings. It is also because builders have begun building again. So it’s a balancing act by builders and financial planners. In the end, you win. Better home prices and better opportunities to find the home you want or a fixer upper that you can turn into your dream home. (In case you haven’t watched those two brothers that help people find homes, they are good at it and are good at managing budgets to turn “meh” into, “WHOA, THAT’S AWESOME!”

4. Home Prices are going up

I know above it states that home prices are still low, but they are going up. This is about the bottom of the curve for home prices. This is not a time to wonder, it’s a time to decide. Find that home and get an offer in on it.

5. You build personal equity

I couldn’t agree with this one more. A lot of times when you are being considered for other purchases creditors want to know what you have as an asset. Having a home in your name definitely helps. If you have to show what your worth is on paper, it is good to have a house on it. As you build up your own portfolio of properties, both owner occupied and investment properties, you build your worth in the eyes of creditors and of course begin to build a legacy for your family to carry on.

Quick tips

If you are going to consider buying a home, find a licensed professional that you can trust. Someone that will help you find the right place. Then, find the right Lender. If you wish to find out how much you qualify for, you can click on this APPLY NOW and it will take you to a form you can fill out and someone will be in touch with you within 24-48 hours.

Find that home, and get to living!

Home Loans In Nevada: Michael Kaleikini

This article was written by Michael Kaleikini.  Michael Kaleikini is an assistant branch manager at The Money Store in Las Vegas, Nevada.  Michael Kaleikini is a 15 plus year mortgage industry veteran and specializes in originating, underwriting, and funding residential loans with no investor overlays.  Michael Kaleikini is a Nevada native and is an expert in FHA Loans, VA Loans, USDA Loans, Conventional Loans, and Jumbo Mortgages.  Michael H. Kaleikini and his team of licensed mortgage loan originators can help Nevada renters become homeowners.  All you need for a 3.5% down payment FHA mortgage loan is a 580 FICO credit scores.  If you have had prior credit issues, have high debt to income ratios, or were told you do not qualify for a residential mortgage loan by other lenders due to their mortgage lender overlays, contact Michael H. Kaleikini at 702-902-3120 or email Michael Kaleikini at mikanu@gmail.com.

The information contained on Gustan Cho Associates website is for informational purposes only and is not an advertisement for products offered by The Gustan Cho Team @ Gustan Cho Associates or its affiliates. The views and opinions expressed herein are those of the author and/or guest writers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center website and do not reflect the policy of Gustan Cho Associates Lenders Network, its officers, subsidiaries, parent, or affiliates.

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