Deciding to rent, own, or lease a house or condo in Lansing MI can be a tough decision in the housing market. First time home buyers or newly weds need to understand the reasons why they should buy a house now. In the short term, you may think you are saving money. However, in the long run, you are spending more money on rent per month than an actual mortgage payment on a house. Now is not a good time to rent as monthly fees increase whether you are a parent, guardian, student, or retiree and living in an apartment. In the same way as college student housing increases every year so does monthly rent. So what's holding you back from buying a house today? Dewitt MI REMAX Real Estate Agents in Michigan can refer you to excellent bank mortgage lenders to show you differences in prices and loans. Let's say you found your dream home on Zillow, scheduled a tour inside and decided to write an offer using a conventional loan, then you only need to put at least 3% down which may equal one or two rent payments. So definitely talk to your realtor to understand the benefits of being a home owner!
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