Renting1 | Special Community Financing2 | |
Move-in Cost | $2450 | $500 |
Monthly Payment | $1230 | $1195 |
Tax Incentives |  | |
Equity Building | | |
Potential Appreciation | | |
Fixed Payment | | |
1 – 12 month lease @ $1200/mo. plus $360/yr. renters insurance. Move-in cost equivalent of 2 months rent for application, security deposit, and other fees. | ||
2 – Purchase price of $169,900, no down payment, 30 year, fixed mortgage at 5%. Includes property taxes, HOA fees, seller paid closing costs, and $400/yr. homeowners insurance. | ||
Renting Vs. Owning
Why waste money on rent, when you could buy a home and lower your monthly payment? With new homes affordably priced, low interest rates, and special community financing that allow you to buy a new home for only $500, it has never been a better time to buy. Contrary to what the media has reported, its still possible for you to get a home loan, even if you have less than perfect credit. In addition to the satisfaction of living in your own place, home ownership provides additional financial benefits as well. If you are currently renting, there is no reason not to contact us today and find out more about buying a new home!
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