Why Rent? When you can buy!

• There are many many loan programs available.
• Programs for 100% financing (no down payment.)
• Programs for those with not so stellar credit.
• Programs to avoid mortgage insurance.

It doesn't hurt to ask. You may be on your way to the joys of home ownership!

WE HAVE HELPED MANY RENTERS AND FIRST TIME HOME BUYERS!!

New home owners soon realize the enormous practical and psychological advantages to owning rather than renting. Besides freeing yourself of the uncertainties of dealing with a landlord, as a home owner, you'll be the one to decide on remodeling or improvements. Rather than endlessly paying money to someone else, when you invest in a home and make improvements to it, you'll be the one to profit from it when you resell. The pride of owning your own home will dramatically affect the way you feel about your choices and your future.

The amount you put down on a home, called "equity," grows as you make mortgage payments. A portion of your mortgage payment will go toward the interest of your loan and part will go to pay off the amount borrowed, the "principal." Each month, your equity grows while the balance shrinks. Since home prices have been steadily increasing over time, this also adds to the value of your equity. Homes historically appreciate faster than the rate of inflation, so owning a home helps you keep up with inflation. It will also help reduce your income taxes, since you'll be able to write off most mortgage interest and property taxes (please see your tax accountant).

The first property you buy may not fit the definition of your perfect dream home, but improvements you make plus appreciation will one day provide you with the equity you'll need to afford your dream. The payments you make, unlike rent, will end when it's paid off. So as a form of monthly enforced savings, making payments on a home today can assure a secure and rent-free retirement. Home ownership is sound investment strategy for the future.

Not only do we work with partners that offer the standard loan products that all of the large banks offer, but we also have many unique loan products for buyers with limited down payment money.

Many clients who come to us make a six-figure income, however due to enjoying a nice standard of living and sending their children to private schools, they are just unable to save enough money for the down payment most banks require.

Many of our clients who do have money for the five to ten percent down payment their bank or credit union requires, will choose the 100% financing program to purchase a home.

Why would someone choose to do this? It is all a financial decision, credit card interest which ranges from 18% to 22%, and car loan interest are not tax deductible. Interest you pay on your home mortgage is tax deductible. This can translate into thousands of dollars of savings and a larger tax return at tax time.

Whether you are looking to purchase a $100,000 home, a $1,000,000 home, or a $10,000,000 home no other real estate or mortgage company can offer you a broader range of loan products and real estate services than The Earl of Real Estate Team.

We even have an interest only loan product, which will enable you to have a payment, which is almost half of the amount, of a thirty year fixed rate mortgage payment. If you were to select the interest only loan product you can actually pay your loan balance off almost twice as fast as a conventional thirty year fixed mortgage for the same monthly payment you would make on a thirty year fixed rate mortgage. This can save you tens of thousands of dollars in interest over the life of the loan. Does that get your attention? Most banks and lenders do not even offer this loan product.

Sorry to say, based upon this information, We do not handle rental transactions. We focus our time and energy on helping renters and 1st time homebuyers fire their landlords.

Call us today, and put our success to work for you!