by: Diane Vespucci ~ Re/Max 100 Realty

Stop paying your landlord’s mortgage! Your landlord can afford the mortgage because he has someone who pays for it – you.

Yes, you – and not only do you pay for it, you also make him/her a nice profit.

Why not pay your own mortgage and start building some wealth for you and your future?

So, why own a home? Besides stability, increasing personal wealth and having grass to mow, it may also reduce your tax basis.

Most important is that with these low interest rates, your mortgage payment may be less than your rent, depending on what you buy.

If one of the wishes on your list for 2020 is a home of your own, now is the time to speak with a Realtor to make your first home, or even your dream home, come true.

There are a lot of questions when you’re preparing to buy a home: Is my credit good enough? Have I saved enough money? How much can I afford? What are my monthly payments?

Only a professional can answer those questions so your first step is going to be a good mortgage broker.

This is someone you need to feel comfortable with speaking to about your finances. A good mortgage broker will answer all your questions and will let you know if you’re financially ready.

The best mortgage brokers will tell you what steps you need to take to get ready if you’re not ready now.

Now is as good a time as any to make the big steps towards homeownership. Its the single greatest source of wealth for most people, and interest rates are historically low right now.

They will rise. So, if you’re thinking of buying, now is the time; today is the day to make that first call.

Stop paying your landlord’s mortgage. One day, you’ll be very glad you did.