Ok, let’s play a little game. Let’s say you pay about $800 per month in rent, and you are interested in keeping some of your money. Let’s imagine that you bought a house for about $120k, and put 10% down, with current rates your payment could be about that same $800 per month. If you held onto that house for 10 years (as a primary residence or as a rental property), and it increased in value by about 1% per year you would have quite a bit of equity!!!
Maybe you’d want a house for a different price, and with a different down payment, everyone’s situation is a little different.
Rates have been historically low, but they’ll have to go up even more eventually. Buying isn’t always a good idea for everybody, but have you looked into whether or not it’s a good idea for you? Call/message/email me if you are interested in finding out what all of this hoopla is about! 🏡 #Oklahoma #RealEstate
Metro Brokers of Oklahoma