Buying a Home-New Year's Resolution!

Perhaps buying your first home is a new year’s resolution? Never before, especially for a renter, has it been a better time to buy!

With the lower priced housing and record low interest rates, it combines the best of both worlds to offer many affordable options to buy versus rent. For instance, if you were to buy a $120,000 priced house, you could be looking at a total payment of only $762! This includes the taxes and insurance! This is based on a five percent down payment and a 30 year fixed rate of 4.125%-apr 4.21%. In the St. Louis area, you could be looking at comparable rent of $750 to $1200 depending on where you would be buying, so why not purchase?

Now is the time to look into your options and see what you can afford in a house payment. Even if your credit is less than perfect, I can help you develop a game plan to put you into your first home!

Call Rick Whisman at (314) 609-0565 to learn more about your options!