It may almost be November, but there’s still time to become a homeowner in 2016. Here are 4 reasons why there has never been a better time to purchase a home at Creekside at Llanerch!
Rental rates continue to rise
Rental rates have continued to rise sharply throughout 2016, due to the ongoing low supply and high demand of rental units. This means that individuals can expect fluctuations and larger rent payments. Purchasing a home at Creekside would mean a predictable and fixed monthly payment.
Interest rates are historically low
It’s the ideal time for homebuyers and homeowners to catch mortgage rates that previous generations of homeowners only wished for.
Clear mortgage terms
The TRID mortgage rule (also known as “Know before you owe”) passed at the end of 2015 has mandated clearer terms at the closing table, meaning no surprises for homebuyers. They’ll have a clear understanding of their financial commitment and what is expected of them.
Mortgage interest tax deduction
Certain tax codes allow homeowners to deduct the mortgage interest from their tax obligations. For many people, this is a huge deduction since interest payments can be the largest component of your mortgage payment in the early years of owning a home. Be sure to consult your tax advisor for more details.
Not sure where to begin with your new home purchase? We can help with that. Join Creekside at Llanerch and Pike Creek Mortgage on Saturday, December 3rd for a Mortgage Pre-Qualification event. Mortgage Consultant, Danielle Vavalla, will sit with you one-on-one to discuss the necessary steps you should take in preparation of your home purchase. Space is limited so contact Kim Spada at 484-320-3055 or firstname.lastname@example.org to schedule the time slot of your choice.