Business Network California
Companies:89,049 (+17)
Products and Services:3,497
Articles and publications:965
Tenders & Vacancies:36

Christiansen Realty Inc

Number One: Yes, prices are low-but tighter lending requirements have made it harder to qualify for a home loan. Bottom line: You’
AddressLos Gatos, CA 95030
Phone(408) 238-1162
Websitewww.visitchristiansen.com
Seller Financing strategies for today’s market

Ask yourself: Rent or Buy?
The answer to that question really depends. It depends on three very important questions you must ask yourself:
1. Is it the right time for you and your family?
2. Is it the right house for you?
3. Can you really afford this house?
Number One: Yes, prices are low-but tighter lending requirements have made it harder to qualify for a home loan. Bottom line: You’ll need a larger down payment and a higher FICO score. Of course, homeowners qualify for tax breaks, most notably the mortgage interest and property tax deductions.
Number Two: To be sure, the recession illustrates that renters need to consider not just their desires, but also their financial realities before purchasing a home. It represents stability, a place where you want to settle down for at least five to seven years and raise your family.
Renting versus Buying Buying Renting
Mortgage payments vs. Rent $1.310 $ 1.760
Taxes & Insurance $ 350.00 $ 0
Monthly housing cost vs. total rent $ 1.660 $ 1.760
Home Buyer monthly savings $100
Rent Versus Buy-Tax Benefit Analysis Buyers Renters

Standard IRS Deduction Married filing jointly n/a $11.400
Mortgage Interest Deduction $12.20 n/a
Property Tax Deduction $ 3.030 n/a

Total Taxable Income $51.220 $55.050
Total Tax Liability $ 7.680 $ 8.260
Home Buyer 2010 Tax Saving $ 576
Assumptions: The payment, interest, taxes, insurance (PITI) based on median price of $ 303.460 in the 4th quarter 2009:
5.06 % fixed-rate ; 20% down payment: and a $202.168 loan amount.
The monthly rent is derived from RealFacts 4th quarter 2009 estimates for an average 3 BR. 2 BA. Unit.
Still not sure?
This simple online survey (www.bankrate.com/calculators/mortgages/rent-or-buy-home.aspxcan) can help. And when you are ready, seek out a realtor.

Rating:

Related items:

The number one affordable plumber in Palmdale! When you call us at Palmdale Plumbing Pros you are getting the most reliable, timely, honest, friendly and knowledgeable plumber service in the area.
  • Palmdale Plumbing Pros
  • +1 (661) 526-0999
The number one plumber in Garden Grove is Garden Grove ASAP Plumbing. How is that? Because we offer the lowest prices and offer the best customer service on plumbing service in Garden Grove.
  • 12534 Valley View St. #131
  • +1 (714) 294-2455
Welcome to Appraising LA - Your number one choice for Los Angeles home appraisers.
  • 18607 Ventura Boulevard, #314, Tarzana, Los Angeles, CA 91356, United States
  • +1 (310) 994-5070
Welcome to Appraising LA - Your number one choice for Los Angeles home appraisers.
  • Tarzana, CA 91356
  • +1 (310) 994-5070
DLZ Realty Inc is a personal, service oriented Real Estate office with over 30 years of experience in the business.
  • 1700 Standiford Ave Ste 130 Modesto, CA 95350-6535
  • (209) 238-9803
×