QUESTION #1. Why is it better to buy a home right now vs. renting a home?
- Buying a home usually requires more upfront capital, more ongoing expenses and a longer-term commitment. Make sure to run the numbers with a professional to evaluate whether you’d be better off buying vs. renting.
QUESTION #2. How can I make sure this fits into my short-term and long-term budget?
- Make sure to compare your options when it comes to: Choosing a down payment amount and strategy. Choosing a monthly payment scenario. Choosing a price range for your new home.
QUESTION #3. How will this financial decision impact other areas of my life?
- Make sure to think through how your cash flow situation will impact: Children’s college funding, Retirement planning, Taking care of elderly parents and Other large financial purchases or commitments.
QUESTION #4. What mortgage and home buying strategy will result in less overall financial risk?
- The mortgage is most likely going to be your single-largest debt, and your home is most likely going to be your single largest investment. That’s why it’s important to evaluate and compare your options with a mortgage professional.
Reach out today! We’re here to help!
Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com
Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com