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purchase a home this year, buying sooner could lead to savings

The seasons are changing and with them bring thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Here are a few great reasons to consider buying a home now, instead of waiting.1. Prices Will Continue to RiseThe price of homes across the nation have been steadily rising for the last year. The bottom in home prices has come and gone and home values will continue to appreciate. Waiting no longer makes sense like it did a few years ago.2. Mortgage Interest Rates Are Projected to IncreaseThe Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to rise.An increase in rates will impact how much home you can afford and your monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.3. Either Way You are Paying The common way of looking at rent versus a mortgage is that when you pay rent, it is simply gone and you have nothing to show for it. When you are paying a mortgage you are spending money each month for something you will actually own. In many areas it is actually cheaper to pay a monthly mortgage than it is to pay rent.The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. Both are on the rise and if the right thing for you and your family is to
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http://www.lakeandhomes.com Rain Silverhawk
rain@lakeandhomes.comRain Silverhawk RealtorKeller Williams  Realty Coeur d’ alene Sandpoint Idaho120 S. Second Ave. |  Sandpoint, ID. 83864 Phone (208)  610-0011  FAX 800-760-1936

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