First Time Home Buyers
With every rent check you write, you're helping to build equity in your landlord's property. That money could be going toward building equity in a home of your own. Today's rates are low enough that your house payment could be lower than your rent payment!

There are many advantages to owning a home, including:

Security - A feeling of security that comes from owning a home and the knowledge that your home is a safeguard against inflation.

Investment - Payments on your mortgage loan mean you are acquiring a major possession; instead of rent, you own more and more. The garden you plant, the permanent improvements you make - all enhance your way of living as well as the value of your home.

Tax Advantage - Your real estate taxes and the interest on your mortgage are deductible from your income tax. Please contact your tax professional for more details.

Financial Independence - Most people start on the road to financial independence through home ownership. Your principal and interest payments remain the same for the full term of your mortgage while your rent usually goes up as the cost of living increases.

Environment - Your children grow up in the neighborhood of your choice.

Cash Equity - Better than a savings account, your home can appreciate to keep pace with inflation.

Satisfaction - Home ownership offers special advantages that make life more enjoyable - backyard barbecues, large family gatherings during holidays, a home workshop, a chance to enjoy your family's companionship in the privacy of your own home.

Most first time home buyers utilize the FHA loan process to finance their new home. However, HomeServices Lending offers a variety of special financing programs, including loans with lower start rates, loans with little or no down payment, as well as special assistance programs to help resolve credit problems. Contact us today for more information!

In conjunction with HomeServices Lending , Semonin REALTORS offers a step-by-step outline of the home buying process, which includes obtaining financing for the home of your dreams. We also offer some financing tips to help you along in the process.