Posted on: 16th Nov, 2006 06:00 am
i am interested in renting or purchasing a home. 3/2 is the required rooms. must be in daytona beach to holly hill area. can you help
Hi Guest,
Welcome to our forums.
You have mentioned that you require to rent or buy a home. I guess that you are still in confusion as to whether you will benefit from renting or buying. Well, if you rent a property, you will be paying for someone else's profit. But when you buy a property, it gives you long term financial security whether you buy with cash or mortgage.
If you purchase a property with mortgage, you are required to pay off the loan with interest and while you do so, you are able to build up sufficient equity in your property. You can then use your home as the collateral for any loan in times of financial emergency. Renting, however, does not give you this opportunity as it is an expense while buying and owning a home is an investment. However, it depends upon your financial situation as to whether you should buy or rent.
Let me give you a few tips that may help you whether you decide to buy or rent.
Our community has a group of ranked lenders providing people with different kinds of home loans. If you wish to get the service of any of our lenders, you can send us your request for Free Counseling.
Now that you have become our community member, it's also easy for you to send us any query. You can easily log in with your id and put forward your query in our forums.
Thanks,
Caron.
Welcome to our forums.
You have mentioned that you require to rent or buy a home. I guess that you are still in confusion as to whether you will benefit from renting or buying. Well, if you rent a property, you will be paying for someone else's profit. But when you buy a property, it gives you long term financial security whether you buy with cash or mortgage.
If you purchase a property with mortgage, you are required to pay off the loan with interest and while you do so, you are able to build up sufficient equity in your property. You can then use your home as the collateral for any loan in times of financial emergency. Renting, however, does not give you this opportunity as it is an expense while buying and owning a home is an investment. However, it depends upon your financial situation as to whether you should buy or rent.
Let me give you a few tips that may help you whether you decide to buy or rent.
- If you are on a transferable job, it's better to go for renting.
- You need to enquire about the prices in the sales and rental markets (in the area where you wish to buy or rent) before you choose between renting and buying.
- If you expect your income to get higher in a year or so, you can wait till you are able to buy comfortably.
Our community has a group of ranked lenders providing people with different kinds of home loans. If you wish to get the service of any of our lenders, you can send us your request for Free Counseling.
Now that you have become our community member, it's also easy for you to send us any query. You can easily log in with your id and put forward your query in our forums.
Thanks,
Caron.
Hi Guest,
The first step would getting prequalified for the purchase of your home and then finding a professional Realtor to help you find the property.
A Realtor will acess your wants/needs in a property and then search the MLS on listings available for purchase in your price range.
The Realtor will do the 'leg work' to find properties you like and you tour what he finds. It saves time and they know the areas and price ranges.
Good luck in you search!
The first step would getting prequalified for the purchase of your home and then finding a professional Realtor to help you find the property.
A Realtor will acess your wants/needs in a property and then search the MLS on listings available for purchase in your price range.
The Realtor will do the 'leg work' to find properties you like and you tour what he finds. It saves time and they know the areas and price ranges.
Good luck in you search!
Hi,
Hey you have not mention actual problem.I thing you are going to purchase home or you have mind to take home on rent.
If you want to purchase a home then you can got home loan from market on your credit. Diffrent private bank or companies offer home loan on attractive interest rate. for that take advoice from expert to take home loan
If you want to take home on rent then I thing you have no problem with them.
Regards
Dilip
Hey you have not mention actual problem.I thing you are going to purchase home or you have mind to take home on rent.
If you want to purchase a home then you can got home loan from market on your credit. Diffrent private bank or companies offer home loan on attractive interest rate. for that take advoice from expert to take home loan
If you want to take home on rent then I thing you have no problem with them.
Regards
Dilip
sharlee your post hits it on the head; thank you.
kwrck you ought to take that advice, get your credit report and review it to see what, if anything, you qualify to buy at this time.
kwrck you ought to take that advice, get your credit report and review it to see what, if anything, you qualify to buy at this time.
chtnggd...this is a forum for informative purposes. if you have something to add to a discussion, please do so. if your only reason for responding to a post is to have someone contact you, then you're in the wrong community.
Once again, original question was long ago. How can we delete these old posts?
