By Rony Walker
Starting your own family can be a fulfilling experience. Seeing your kids grow up to become happy and well-meaning individuals are just some of the things parents always wish for. Living in an apartment is alright for small families with a kid or two. But kids will not remain as they are and they will definitely grow up sooner than you think. So you think of getting a loan to buy your growing family a home they deserve. Availing of a fixed rate mortgage quote will be a great initial step in fulfilling your life-long dream of owning a decent house for your family.
Why Rent When You Can Own?
You might not know it but owning a home has absolutely more benefits than renting. For one, the pride of owning your own home is incomparable. It is a good investment because you do not have to pay someone monthly for the rent. Also, think about the privacy of your family too. You would not have to worry about those eerie noises you hear at night from that guy who lives above your rented flat. It is also much safer for your family members because they would not have to deal with some annoying tenants that live with you. The freedom to do what you want is also immense. You can even choose to take in a pet Shitzhu for your daughter without anyone complaining about their allergies to dogs. Most of all, you will be relieved of too much expenses. It is said that the current fixed rate mortgage quote available, owning a home, as compared to renting, would save you up to 33% of your income each year.
Owning Will Save You Money!
It doesn’t take an experienced economist to determine all these savings. First, you should calculate what price range of home you can afford. This will help you carry out your house hunt with realistic expectations. One tip is to determine how much mortgage you could afford each month. This will also determine how much money the bank will allow you to borrow. Getting a fixed rate mortgage quote from banks will do that trick. In this way, you could make sure that you are getting the best deal out of the fixed rate mortgage quote available in your area.
If you think that you already obtained an affordable fixed rate mortgage quote, you can calculate everything for yourself by subtracting all your non-housing monthly debts and expenses. These things will include credit card and loan payments, tuition, transportation, food and clothing that would be deducted from your monthly income. Next is to calculate how much of your income is left for housing expenses, including mortgage payments, real estate taxes, and insurance premiums. This will make you realize that owning a home is more economically-sound than renting. With all the savings each year, you could channel this “purchasing power” to other endeavors like buying your family new furniture or better yet afford a family vacation in the Bahamas!
Remember, your financial freedom could start by making a simple fixed rate mortgage quote. If you think your family deserves better living conditions than that cramped apartment space you’re renting, do not waste time in making your wife, kids and yourself proud in fulfilling your dreams.
Want to learn more about fixed rate mortgage quotes? Find out more information about Arizona home equity loans and California home mortgage lenders when you visit http://Whataboutloans.com today!
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