Last saved by: Lynn Marie Greaves

Current mortgage news puts many first-time buyers in a “wait and see” frame of mind, as interest rates have hit the highest point this year. Likewise, many home owners are reluctant to sell and give up the low interest rate on their existing loan. This creates a lack of inventory, and home prices remain high.
While this may seem discouraging to potential buyers, there are still many good reasons to buy a home, even in today’s market.
* Real Estate is Still a Great Investment
Consider the down payment on a home as an investment. The money you put toward a down payment is still yours, but in the form of building equity as the property increases in value. It makes good sense to invest in yourself, instead of renting and paying the landlord’s mortgage!
* Take Advantage of Home Office Tax Credits
Many Americans have grown accustomed to working at home in this post-COVID era. The square footage of your home office factors into a tax deduction, along with business expenses, electricity, Internet access, and all your itemized deductions.
* What Goes Up Must Come Down
Mortgage rates are historically cyclical, going up and down in response to the current economy. You could anticipate that interest rates will come down as the economy becomes more stable, and the Federal Reserve gets inflation under control. This becomes an opportunity to refinance into a lower rate and reduce your monthly payments.
My team and I are ready to help you explore your options! Give me a call to get a comprehensive analysis of loan programs to fit your specific needs.