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  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

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Can you Afford to Wait to Purchase a Home?

June 21, 2016

Home values on the rise, some are predicting a rise as much as 5% in some areas over the next year. That means the home you want right now could cost you much more next year. That will not only make the mortgage payment higher, but also the amount of money you will need for a down-payment.

 

5% may not seem like that much, until it gets on paper. It can affect your debt-to-income ratio when calculating loan payments and money down. This will unfortunately be a detriment to those that put off purchasing this year. With a higher payment, many may find that their dollar does not go as far when shopping for a home.

 

Home buyers that take advantage of the lower home prices now could find themselves in an instant home equity situation. As values rise, so does the equity in your home. Equity in your home allows for leveraging power, and security in knowing there is money available sooner unanticipated life situations and free up money sooner for investment or retirement savings.

 

 

 

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
rmeyer@gogsf.com
NMLS #222688 & 1018