Thank you for taking the time to visit my website. My name is Tammy Bacmeister and it's my job to find you the best suited loan program possible. I will educate you on the loan process and I promise to always give you the VERY BEST SERVICE.
I believe that now is the perfect time to take advantage of today's low interest rates and exceptional housing market. Use my website to apply online, calculate your payment, view loan programs, contact us or see what's new!
Whatever your financing needs may be, I will tailor suit a loan that's right for you!
Still Renting?
Renting versus Buying a Home
If you are considering buying a house, one of the first decisions you need to make is whether buying a house instead of renting one is the right direction for you. Since owning a home is the "American Dream", many people simply assume that it's always to their advantage to buy a home, and for most, it is. Take a moment to review the following table to see how your
situation fits in. Items in the green boxes are advantages and in the red boxes are disadvantages.
Renting
Buying
Advantages
Disadvantages
More fixed costs for the
term of the lease
Variable Costs
Not gaining equity,
but not losing it either
Equity may go up, down, or stay stagnant
When the lease is up,
you can just move
If you want to move, home generally must be sold
There is generally less work in maintaining a home or apartment
Work needs to be done by you--or paid for by you
Smaller amount of "up-front" cash
Generally a larger initial investment--the downpayment
Disadvantages
Advantages
No matter what happens with the value of the home, you will never gain equity
Over time, the mortgage balance decreases and equity builds, even if the value of the home does not increase
Limited--or no--ability to personalize
your living quarters
The ability to remodel and redecorate the home to match your needs and desires
No tax advantage to renting. Your landlord gets any and all tax breaks that are available
There can be tax advantages attached to home ownership. Consult competant legal and/or accounting advice for details for your situation
