Mounds View Rental homes: Should I Rent One Or Buy?
If you are looking for Mounds View rental homes
letâ€™s pause for a minute and consider the difference between renting
homes versus buying. Since it is more expensive today to rent homes
than to buy one isnâ€™t it at least worth it to consider saving some money
by buying a home?
Mounds View rental homes, of course,
typically have the advantage that you can get be released of a lease
arrangement in about one year's time. This advantage comes at a cost,
however, , in that your rental payments will often exceed those of a
house payment. Additionally the security deposit may well be in excess
of the necessary down payment cost required for buying a home after
considering all of the down payment assistance programs available.
Finally, perhaps the real cost in renting is the fact that you are
helping someone else buy their home with your rental payments helping
make THEIR house payments.
The advantages may certainly be
worth it, despite the high cost of renting, to rent if you have plans on
moving again at the end of your lease. I tend to think that if you buy
a home today you should plan on staying in it for a few years while the
Benefits To Buying Mounds View homes
all of the great benefits available to the MN first time home buyer
today, it is hard to know where to start in terms of listing the
benefits. The State of Minnesota now offers special loan programs
through its Minnesota Housing Finance Agency to offer reduced interest
rates as well as down payment assistance. Additionally many communities
today offer additional down payment assistance loans or grants that
both reduce what you need for cash to close as well as reducing your
Get Preapproved Today
first step in the home buying process is to get preapproved for
mortgage financing. This simply means that you talk with a local lender
who will review your credit, income, etc. In doing so they can tell
you what types of Minnesota first time buyer programs
you might be qualified for. This important first step can be done
right over the phone and most lenders will even do this with you when
you are off from work.
City of Mounds View Info
Mounds View, MN
is a convenient northern suburb located just north of Minneapolis and
St. Paul. With a population of just over 12,000, Mounds View residents
enjoy the benefits of a small town despite their location near the
central metro. Located in Ramsey County,
first time home buyers may want to check out the Ramsey County First
Home program with down payment assistance of up to $10,000. If you are
looking to buy or sell a home in Mounds View, please don't hestitate
giving me a call.
If you have not yet thought of buying a
homes I would like the opportunity to discuss with you about the
benefits of both rental homes in Mounds View versus buying a home. My
consultation is free and am eager to help.
Sales Executive, Licensed Realtor in MinnesotaÂ
Century 21 Premier GroupÂ
1660 S. Highway 100, Suite #578
St. Louis Park, MNÂ 55416
With a focus on Twin Cities real estate and surrounding communities.