Robert Asks… I am on the fence between renting & buying. Can you help me decide?

What a great question and a very popular one right now. 

The Denver metro real estate market is experiencing rising rents. Previous homeowners that have lost their homes to foreclosure are now in the rental pool – we all need a place to live whether we own or not. So rental inventory is slim.

Once we do an analysis, you may find that home ownership is actually more economical than renting. As long as you can qualify for the loan – so follow my previous advice and make sure you are ready to go with your credit and down payment.

There are many benefits to homeownership… lots of them having to do with *taxes, interest deductions and ability to write off any costs and fees you paid to get the loan.  If you work from home – you can also take a home office deduction. (*consult your tax advisor) You can also build equity in your home and make improvements to your home without asking your landlord. As a homeowner you can take pride in your property and build your financial future at the same time.

Rates are low and property is priced right for buyers and if you can keep your housing payment similar to what you pay in rent – what are you waiting for…?? Its time to get –approved to buy your dream home!

Meet Cheryl!

About Cheryl

As a successful business owner and community leader, Cheryl Braunschweiger is known and respected for getting things done with a degree of skill and enthusiasm that bring out the best in those around her - colleagues, clients and friends. The name of her business, ALMC Mortgage, reflects Cheryl's philosophy and personality. She says it stands for All Loans Must Close –a reflection of her determination to do whatever it takes to serve her clients. Cheryl has been in the mortgage lending business for 20 years. Read More About Cheryl
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