What are the benefits of buying a home? Advice with Talia Freedman

Many people wonder if the hassle and cost of taking care of a home make it worth buying a house at all. Qualifying Broker Talia Freedman has some information to share on what makes buying the best way to go.

Buying is out of reach for many people in the current economy, but if you can buy, Freedman says there are many long-term benefits. Freedman says one of the benefits of owning is that you build equity in a home. Although this benefit does not come quickly, it is valuable in the long run. Freedman explains that many people are able to save for retirement by building equity.

Completing a reverse mortgage or selling a home to downsize can be an easy way to access some of the money you have spent on living expenses, says Freedman. When you rent, there is no way to get that money back later on.

While interest rates are higher than average at the moment, Freedman says refinancing is always an option. It is best to buy when you are ready and find a house that fits your needs, regardless of where interest rates are sitting, says Freedman.

The cost of a down payment often stops people from purchasing rather than renting. However, there are a number of programs available to help out first-time homebuyers. Certain grant programs will provide a full down payment, and some programs will give you a small second mortgage to help with the down payment.

To get in contact with Talia Freedman to learn more about purchasing a home, visit the website at this link.

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