Here are three great reasons to consider buying a home today instead of waiting.
1. Mortgage Interest Rates Are Projected to Increase
Most experts predict that rates will rise over the next 12 months. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
2. Either Way, You Are Paying a Mortgage
Unless you are living with your parents rent free, you are paying a mortgage – either yours or your
landlord’s.
3. It’s Time to Move on with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.