3 Benefits to Buying a Home Right Now
The pandemic taught us a lot about what we want in a home. And unfortunately, a lot of us realized that our current house isn’t giving us what we need. Like a walk-in pantry to fit the plethora of foods we learned to cook in lockdown and an office far, far away from the kid’s bedrooms where they play Fortnite all.day.long.
There are so many great reasons to purchase a home. If you’re a first-time homebuyer, it can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success in this ever-changing world.
Whatever the motivation, here are three benefits to becoming a homeowner now.
1. Buying a Home Is a Great Investment
Several recent reports indicate that real estate is still a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps you build equity, a type of forced savings that grows your net worth.
2. Mortgage Interest Rates Are Low
When you purchase a home at a low mortgage rate, it impacts your monthly mortgage payment, giving you the opportunity to get more house for your money down the line.
3. Investing in Your Future Pays Off
There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. What many renters don’t realize, though, is the financial power of equity. Equity is cash in your pocket during hard times, unexpected additions to the family, and celebratory occasions when you need a little extra.
What You Need to Know
Buying a home sooner rather than later could lead to substantial savings and long-term financial growth. Reach out to the Green Mortgage Team to start shopping over 40 lenders, getting you the right loan.
-Kyle Green
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