Interest rates are at historic lows.It’s still a great time to take advantage of the historically low interest rates, and you can put down as little as 3.5% to 5% on many loan programs.
Tax advantages of owning a home.
Whether you’re a first time home buyer, a buyer moving up or one moving down, you may qualify for a tax break every year. Interest paid on your primary residence mortgage, (up to the home’s value), and property taxes are typically deductable.
Another great thing is that for most homeowners, there’s no capital gains tax when their primary residence is sold.
Inventory of REO properties.
These are also called Real Estate Owned, Bank Owned, Lender Mediated or Lender Owned properties, and appeal to bargain hunters who have a lot of patience!
