YOUR FIRST HOME 8 Steps to Home Ownership

Buying

If you’re renting and have a stable job with some savings, and a credit score in the high 600 range, you can likely qualify for FHA or conventional financing at historically low rates. The key question you need to consider is, of course, why are you still renting? Think about it for a moment. If your reason is fear, then it may be time to let go of that fear and focus on the facts of home ownership.

Purchasing your own home is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential, and tax benefits. It’s also a forced savings plan that you cannot get from renting!

So, again, ask yourself if you can really afford to keep renting. Here is an example scenario.

Sheila’s $900 mortgage includes $700 of interest. Her total house payments are $10,800 annually. At the end of the year, $8,400 (12 months x $700) is tax deductible in the United States. She is in the 28 percent tax bracket, so her tax savings are $2,352 ($8,400 X .28).
Her actual housing costs for the year are $8,448 ($10,800 - $2,352). And Sheila has built $2,400 in equity.

Sheila’s friend Chris believes he “can’t afford” to buy. He pays $800 in rent each month.
Chris’s housing costs for the year are $9,600.
So, even though he thinks he’s saving money by renting, he actually spends about $1,150 more than Sheila–and he’s not building any equity!

To Learn More click the link to download a FREE copy of ONLY 8 Steps to HOME - the Proven Path to Home Ownership.

Searching for the perfect home can be like finding a needle in a haystack. In today’s real estate market, locating your dream home requires a real estate professional who has the knowledge and systems to respond quickly.

I use a strategic approach to give you a distinctive edge over other buyers.

My technology tools target homes that fit your unique lifestyle, tastes and financial criteria:

• Visit http://www.micksellstemple.com/map/  to see thousands of properties 24 hours a day, 7 days a week
• Receive daily e-mail alerts on new home listings that match your criteria
• Access mortgage calculators and other financial tools to help you make your decision

Call or Text me at 254-654-2828 or visit my website today to discover the most recent area properties to hit the market. or to go out and look at homes here in Central Texas.

I Appreciate the Opportunity to Earn Your Business!