Buying vs Renting
When you can afford
the down payment we would
say that it is better
option to buy instead of
renting. However you should consider
all the factors
(internal and external) that affect the loan process.
Internal: Your Credit Score
/ Your Job Status / Personal needs
External: Home Loan Market
rate / Home Loan Market
Letīs see some benefits of
buying a home
- There's more to
owning a home than personal satisfaction. You can deduct the cost of
your mortgage loan interest from your federal income taxes, and
usually from your state taxes, too. And interest will compose nearly all
of your monthly payment , for over half the
number of years you'll be paying your mortgage. This adds up to hefty
savings at the end of each year. And you're also allowed to deduct
the property taxes you pay as a homeowner. If you rent, you
write your monthly check and it's gone forever. Another financial plus in
owning a home is the possibility its value will go up through the years.
- As source of
financing. Your house could help you get a home equity line of credit
either for extra cash or paying your childrenīs
education.
In Eagle Financial Services we have been
doing Residential Morgage for nearly
a dacade. Here we will help
you with your needs and
will get the product that
suits you best.
There are many needs
within the Residential Market. Some people are in the first steps
of home ownership,
other people need to refinance
their home loans, and some
only need cash out through equitiy lines of
credit.
We provide Professional Financial Services and work with
many lenders in California.
We in Eagle Financial Services try to get
the best program that fits your
need best. To do that we analyze
every situation diferently and work with our
investors hard to find the
best loan option for you.
Please contact us for more information.
