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Consumers are more easily living the American Dream
of owning a home because of the incredibly low
mortgage rates. Today, most buyers can get a much
lower rate than their parents or grandparents got on
their first home.

In a recent housing survey, FNMA released
information about consumers' thoughts on the current
market. Almost two-thirds would rather buy than rent
and believe that now is a good time to buy. Half of the
respondents expect rent and home prices will go up.

Top Ten reasons to move the dream to reality:
1.It’s cheaper than renting in most cases
2.Avoid rental increases in the future
3.Equity build-up with amortization of each payment
going to principal
4.A home is a forced savings account
5.Appreciation increases your equity and your overall
6.Mortgage interest and property tax deductions
7.Home equity interest deduction
8.A place you can call your own
9.A place to share with friends and family
10.Capital gains exclusion on profit

Buyers need the confidence that they can afford a
home and proof for the sellers when they’re ready to
submit a contract. If a buyer has steady reliable
income, a good record of paying their bills, money
saved for a down payment and are prepared to pay
the mortgage each month, the next step is to get pre-
approved by a trusted mortgage professional.

Take a look at the
Rent vs. Own to see what the real
cost of owning a home for your price range.