As long as the source of the funds is documented, most mortgage loans allow monetary gifts to be used toward cash to close. In fact, according to a housing trends report in 2017, 20% of buyers used a gift or loan from family or friends. Certainly not an uncommon thing to do. There are also other sources that can offer financial aid. Non-profits, company-sponsored home buying programs, just to name a few. Buying a home the right way requires some forethought… what’s referred to as mortgage planning. Plan for the future… We can help…show you the money!…to buy a house.

*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.

Some people prefer to rent a property as a means to avoid certain costs like property taxes. Usually these expenses are realized when owning real estate. In a sense, this is true. You will not pay directly for property taxes, nor are you personally obligated to do so. However, your landlord (the owner of the property) is obligated to do so. And more often than not, the cost is built into your monthly rent payment. Rent payments are not usually itemized… Regardless, renting something costs money. And in most cases, the rental income is sufficient to subsidize owning the property. This is why the cost to rent versus the cost to buy is more similar than people realize. And if you want to buy the property, you can rent to own it as well… Housing, and real estate in general, is diverse. Learn about your options…we can help. Ask us how.

*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.