Housing Market To Jump Back In Or Not
by Annemarie
(Indiana)
To jump back in or not? So, the government is attempting to coax us back into the housing market by offering tax incentives. Does that mean that you should jump back in?
While having a home is a great way to build overall wealth, it is not a free ride. You should consider several things before signing that mortgage. First and foremost: Can you afford to buy this house? Sure its nice and you would love to own a house, but you don't want to end up a foreclosure statistic due to poor planning.
The market is good right now if you are looking for inexpensive housing. The record number of foreclosures have left many reasonably priced houses on the market. You should also consider other effects of home ownership such as maintaining costs and commute changes.
Owning a home is the American dream. Tax credits can help you defray the property taxes.
If you can afford it, really afford it, it is still a good time to own a house.
Know How Much You Can Afford
Dear Annemarie,
I echo your views on homeowners needing a plan. Thanks for your submission.
Three great ways for homeowners to plan:
How Much Can I Afford In A MortgageSubprime Mortgage Loans...Solutions For US Homeowners8 Strategies To Stop Mortgage ForeclosureAs a sidenote, Annemarie...you just created your own webpage. If you'd like, show your friends using this link:
http://www.get-your-best-mortgage-rate.com/housing-market-to-jump-back-in-or-not.html
Sincerely,
Kate
P.S. Go to my
Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.
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