Most renters become complacent with renting from a landlord, because sometimes it is just easier and there is no home ownership responsibility attached to renting. However, here are some benefits of home ownership vs. renting that might motivate you to work towards home ownership:
If you are aÂ first time home buyerÂ and wondering if this is the right time toÂ buy your first home, the answers is a resounding " YES." Â Especially in the area of Silver lake, Echo Park, Los Feliz and Hollywood - all neighborhoods in Los Angeles, CA. Â It is currently a buyer's market, and with low home prices and home loan programs with low interest rates such asÂ FHAÂ financing, buying a home now would be a wise decision. Â Savvy home buyer's know that with a fix rate mortgage they will save thousands of dollars over the term of their loan if they buy now as oppose to waiting. Â Interests rates are again rising ever so slightly, but they ARE beginning to rise andhome pricesÂ have already begun to rise as well. Â Now you just need to ask yourself. Â What is stopping you from buying into the dream of owning your own home.