So you’ve heard that “now is the time,” in one form or another for a while now, right? Well, what does that mean exactly?

Our Bank of America rep prepared this sample payment worksheet that compares conventional financing vs. a government-backed FHA loan.  Each have pros and cons – larger down payment vs. higher monthly payment for example.  But take a look and have a look at your checkbook.  And yes, in some cases it is less expensive to buy rather than rent.  Give me a call to discuss it in general terms or if you need a few referral mortgage folks to help you out.

 

A Sample Mortgage Worksheet showing what payments would look like with tax benefits factored in