As mentioned on the Keeping Current Matters website, “the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
Buying a home will guarantee that your housing payment will remain the same for the life of your loan!
Please contact a mortgage professional to get the true story on your personal affordability. Please note that credit card scores are VERY different than mortgage scores. Only a mortgage lender who has all of the pieces can give you an answer on purchasing now or waiting. Many lenders even have credit repair programs that they will help you with, so if you can’t buy now, you may be able to in the near future.
More choices of loan programs mean more opportunities to help you fulfill your dream of homeownership. Most loan programs are based on certain eligibility requirements.
Home Partner of America offers a Lease with a Right to Purchase Program. This allows you to find a home that you want to rent from us initially, but may also like to buy in the next three to five years. They believe that there are many households who may be thinking about buying a home, but for whatever reason would like to rent at the current time. You can lease the home for three to five one-year terms, depending on the state, and you may purchase the home from Home Partners at any time at a predetermined price.