Take Your 35% Back! It's Time to Own.
Try to envision your total income and now imagine pulling out 35% of that total & tossing it out of your apartment window. With homeownership being about 35% less than renting on average-- that cash you're dropping out the apartment window is piling up in someone else's pocket. Shouldn't it be building up in yours? Owning a home is an investment. And like all great investments there is a positive return-- tax breaks, more freedom & a piece of the American Dream, to name a few. When you're in the market for a new place you've got to think Big Picture. If the loan you're looking to get requires a down payment try not to be so intimidated that you see renting as your only option. Yes, renting has its place, but in the long run a few months worth of rent can total out to be the same amount of a down payment on a home of your very own. And actually you may just be surprised, it's possible that you won't even have to put down a payment! Dragas Mortgage Company can give you more details on different loan programs and prequalification. When it comes to Dragas Communities you can own for less than you're probably paying in rent! Check out the new dragas.com to learn which neighborhood fits your lifestyle. Be ready to see your 35% again!
"In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!" -Keeping Current Matters