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First Time Home Buyer in Western New York
It's only natural that you might be a bit afraid or intimidated by the whole home-buying process - especially if your are buying your first home.
Question #1: Should I buy or rent?
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.
Question #2: Should I use a real estate broker?
Using a real estate broker is a very good idea All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier.
Other Questions: Together, we will help you consider:
How much home can you really afford?
How to qualify for your first home mortgage.
How much cash you should put down.
How to buy a home with little or nothing down.
What it takes to get approved for financing. What banks and other financial institutions are looking for.
How much your monthly home mortgage payments will be.
The tax advantages of buying a home.
Is renting or buying a home better for you?
Click here for a Life Insurance Quote to Protect your Mortgage
Click here for Homeowners Quote
Click here for a Auto Insurance Quote
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