Are you still writing those
checks every month to keep a roof over your head, but which don't gain you any
equity? If you are still renting because you think you still need a fortune to
get into your own home, you should investigate today's real estate market.
Interest rates are still low, which means very
affordable payments, perhaps in the range of your current monthly rent.
Qualifying for a loan was never easier, especially since lenders have increased
in large numbers and are competing for your business. Even if you couldn't
qualify to buy a home just a few years ago, you may be able to qualify today.
Home prices today are relatively stable, so you might be surprised at the number
of homes available in your price range. There are a number of government
programs and mortgage packages which require small down payments, in the three
to five percent range--and we haven't even started talking about the tax
advantages! Think about it the next time you write a rent check.