It’s a Great Time to Purchase a Home.
First time home buyer? Repeat buyer? At Mortgage One we will help you find the perfect finance option for you.
There are a lot of advantages to buying a home in Michigan at this time. Interest Rates are at historic lows, which saves you money in the long run. There are a lot of foreclosed houses that the bank must sell, creating great deals. Government programs help you qualify for no or low down payments.
Buying now allows you to qualify for tax advantages as well as it begins to build your equity. There are many reasons why now is the time to buy so give us a call today to talk to a loan officer about your future home financing.
Own vs. Rent
Example: $100,000 Home
$733.82 Monthly payment (including taxes and insurance)
Less $ 84.25 Potential monthly tax savings (assumes 15% bracket)
Less $117.97 Payment amount that is applied to principal balance
Total $ 531.60 Effective payment for a $100,000 home
Rent for a $100,000 home is about $800-$1,000 / month