Is It Better To Rent Than Buy a Home Right Now?

Written by Lehigh Acres Mortgage Syndicated User on April 18, 2024. Posted in Buying Tips, For Buyers, Lehigh Acres Condo Financing, Lehigh Acres Mortgage, Lehigh Acres Mortgage Rates, Rent vs. Buy.

You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. And while that may be true in some markets if you just look at typical monthly payments, there’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity can have and why it’s worth considering as you make your decision.What the Headlines Are Based onThe graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare...

Ways To Use Your Tax Refund If You Want To Buy a Home

Written by Lehigh Acres Mortgage Syndicated User on April 12, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Lehigh Acres Condo Financing, Lehigh Acres Mortgage, Lehigh Acres Mortgage Rates, Mortgage Rates.

Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains:“If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.”While how much money you may get in a tax refund is...