Buying your very first home is a big step. You are investing your hard earned money in a property where you hope to build your life. Most first time home buyers weigh the pros and cons of buying vs renting. At the end of the day a huge deciding factor when deciding to buy your first home is: “is it more economical for me to own verse rent?”
Looking into 2018 rent is only expected to rise in the Ada, MI area and Greater Grand Rapids. There are many low-down-payment options for first time homebuyers to take advantage of to secure their home. Many lenders even have great financing options for Doctors and offer 0% down with no PMI (Private Mortgage Insurance)! Many potential buyers believe that 20% down is required when purchasing a home. If you are interested in learning about mortgage options that don’t require 20% down give Josh a call at 616-550-2251 to get connected with a mortgage loan officer that can help you through financing.
