Posted on Dec 3, 2018

Melinda O'Donnell

4 Reasons to Buy A Home This Winter!

1. Prices Will Continue to Rise
It is predicted that prices will continue to increase at a rate of 4.7% (or more) over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase
Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are projecting that rates will increase in 2019. An increase in rates will significantly impact your monthly mortgage payment.

3. Either Way, You are Paying a Mortgage
Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. Your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person building that equity.

4. It’s Time to Move on With Your Life
Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

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