Are You Still Renting? If So......

...WHY?????

Mortgage Interest Rates are down to 4.17% for a 30 year fixed loan. If you want to play the "adjustable rate game" then you can now find rated under 4%. The last time that we saw rates this low was back in 1971. What this means is that banks are practically loaning you the money you need to purchase a home for free.

So, back to my opening question....why are you still renting? Rent gets paid every month, you derive no tax benefits and when you are ready to move on you pack up your stuff and leave with out getting to pull your equity and your profit out of the home.

I know that last two years have been rough but historically, buying a home is a sure fire way to build equity, real estate is almost always an appreciating asset and since your mortgage interest and real estate taxes are deductible its a nice shelter for your income as well.

OK, one last time....why are you still renting?