According to Trulia’s blog, buying a home is still cheaper than renting a home in all of the 100 largest metro areas in America.
Buying Better Than Renting
Trulia’s Chief Economist, Jed Kolko, says homeownership is 35% cheaper than renting in all of our nation’s largest metro areas. How can this be? Put simply, even if mortgage rates are rising, they are still very low historically. Home prices are rising too – but only after hitting devastating lows. The truth is that prospective borrowers are facing increasing rates, prices and pressure – especially when you consider that buying was 45% cheaper than renting one short year ago.
Making Rent or Buy Decisions
Renting versus buying decisions depend on where you live, what mortgage rate is available, the tax bracket you fall into, how long you plan to stay in your home and more. Use Trulia’s Rent vs. Buy interactive map to see how variations in mortgage rates and tax brackets may alter a prospective home buyer’s decision. Trulia factors in total costs of homeownership into its calculations – including taxes, insurance, maintenance, etc.
More Than Numbers
Buying a home is more than just crunching numbers. Home ownership is an American rite of passage. Visit our blog for more information for First Time Home Buyers.
Low Down Payment Lending Options
According to a recently released report by the Federal Reserve, 48% of home purchases were made via low down payment options available through the Department of Veterans Affairs and the Federal Housing Administration. Inlanta Mortgage is pleased to offer both FHA and VA mortgage loans. Inlanta Mortgage also offers USDA rural development loans to those who meet eligibility requirements. USDA, VA, and FHA loans are well suited to those who do not have 20% down payment. Use our branch locator to find an Inlanta Mortgage loan officer near you or apply online now.
About Inlanta Mortgage – Celebrating 20 Years
2013 marks Inlanta Mortgage’s 20th Anniversary! We are looking forward to the next 20 years. Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.