Michigan Mortgage Specialists
Low Mi Mortgage Rates
We Live & Lend Only in Michigan!!
Low Mi Mortgage Rates
We Live & Lend Only in Michigan!!
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732-5341
1-888-REALFi-1
Benefits of Owning a Home
Investment, Appreciation, Tax Savings
Deposit, Down Payment
Should I Buy a Home Now?
5 Facts That Can Help You Buy Your First Home
Equity and Investment
Equity and Investment Investment, Appreciation, Tax Savings
Stop paying rent! Make your money work for you, instead of your landlord. Each month that you pay rent, your landlord's property is building equity and he is getting the tax benefit from the interest. You could be paying down a Mortgage.
If you rent an apartment for $800 a month for 5 years, you will pay about $50,000 towards your landlord's mortgage. Think about the equity and tax savings for you, if you invest that money into your own home mortgage. Especially with Mortgage Rates as low as they are today.
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Deposit, Down Payment
You might be thinking, “I haven’t saved enough money for a deposit." Many Mi Mortgage lenders will offer homebuyers 0% down financing. We have 100% financing which will finance the closing costs and some home improvements too!
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Benefits of Owning a Home
1. No Bossy Landlord
2. No Apartment Rules
3. Home Mortgage Interest Deduction
3. Pride of Ownership
4. You can get a no pre-payment penalty Mortgage.
5. Privacy
6. Mortgage Rates are Low
7. Freedom to Decorate
8. Mortgage Rates can be Fixed
9. Financial Predictability
10. Mortgage Refinancing is available to Lower Home Mortgage Pmts
11. Build Equity
12. A Mortgage Loan doesn't evict you
13. Investment Appreciation
14. Tax Benefits
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Should I Buy a Home Now?
There are some questions to ask yourself if you are thinking of buying a home with a Mortgage.
1. Do I have a steady source of income to pay the home Mortgage?
2. Have I been employed on a regular basis for the last 2 or more years?
3. Is my current income reliable?
4. Do I have a good record of paying my bills?
5. It’s time to buy your family a home with today’s low Mortgage Rates.
Back to the top
5 Facts That Can Help You Buy Your First Home
1. REALFi has zero down Mortgage programs with low Mortgage Rates.
2. REALFi realtors can negotiate for the seller to pay part, or all of your closing costs.
3. You may be able to buy a home even if you have problems with your credit.
4. REALFi gives all of their clients free home buying and mortgage advice.
5. Get pre-approved for a Mortgage before looking for a home and increase your negotiating power.
Back to the top
Equity and Investment
Homes generally appreciate about 5% a year. Let's assume you got a mortgage and bought a home for $150,000. Suppose you put $15,000 down.
At an appreciation of 5% annually, a $150,000 home would increase in value $7,500 during the first year. That means you earned $7,500 with an investment of $15,000. Your return on investment would be a whopping 50% annual return!
Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.
For example, assume your initial loan balance is $150,000 with an interest rate of 6.0%. During the first year you would pay about $9,650 in interest. If your first payment was on January 1st, your taxable income would be almost $10,000 less, due to the IRS mortgage interest deduction.
Your rate of return when buying a home is higher than most any other investments you could make.
Back to the top
All programs are subject to terms and conditions and may change or be eliminated without notice.
Investment, Appreciation, Tax Savings
Deposit, Down Payment
Should I Buy a Home Now?
5 Facts That Can Help You Buy Your First Home
Equity and Investment
Equity and Investment Investment, Appreciation, Tax Savings
Stop paying rent! Make your money work for you, instead of your landlord. Each month that you pay rent, your landlord's property is building equity and he is getting the tax benefit from the interest. You could be paying down a Mortgage.
If you rent an apartment for $800 a month for 5 years, you will pay about $50,000 towards your landlord's mortgage. Think about the equity and tax savings for you, if you invest that money into your own home mortgage. Especially with Mortgage Rates as low as they are today.
Back to the top
Deposit, Down Payment
You might be thinking, “I haven’t saved enough money for a deposit." Many Mi Mortgage lenders will offer homebuyers 0% down financing. We have 100% financing which will finance the closing costs and some home improvements too!
Back to the top
Benefits of Owning a Home
1. No Bossy Landlord
2. No Apartment Rules
3. Home Mortgage Interest Deduction
3. Pride of Ownership
4. You can get a no pre-payment penalty Mortgage.
5. Privacy
6. Mortgage Rates are Low
7. Freedom to Decorate
8. Mortgage Rates can be Fixed
9. Financial Predictability
10. Mortgage Refinancing is available to Lower Home Mortgage Pmts
11. Build Equity
12. A Mortgage Loan doesn't evict you
13. Investment Appreciation
14. Tax Benefits
Back to the top
Should I Buy a Home Now?
There are some questions to ask yourself if you are thinking of buying a home with a Mortgage.
1. Do I have a steady source of income to pay the home Mortgage?
2. Have I been employed on a regular basis for the last 2 or more years?
3. Is my current income reliable?
4. Do I have a good record of paying my bills?
5. It’s time to buy your family a home with today’s low Mortgage Rates.
Back to the top
5 Facts That Can Help You Buy Your First Home
1. REALFi has zero down Mortgage programs with low Mortgage Rates.
2. REALFi realtors can negotiate for the seller to pay part, or all of your closing costs.
3. You may be able to buy a home even if you have problems with your credit.
4. REALFi gives all of their clients free home buying and mortgage advice.
5. Get pre-approved for a Mortgage before looking for a home and increase your negotiating power.
Back to the top
Equity and Investment
Homes generally appreciate about 5% a year. Let's assume you got a mortgage and bought a home for $150,000. Suppose you put $15,000 down.
At an appreciation of 5% annually, a $150,000 home would increase in value $7,500 during the first year. That means you earned $7,500 with an investment of $15,000. Your return on investment would be a whopping 50% annual return!
Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.
For example, assume your initial loan balance is $150,000 with an interest rate of 6.0%. During the first year you would pay about $9,650 in interest. If your first payment was on January 1st, your taxable income would be almost $10,000 less, due to the IRS mortgage interest deduction.
Your rate of return when buying a home is higher than most any other investments you could make.
Back to the top
All programs are subject to terms and conditions and may change or be eliminated without notice.
|
What you pay in rent |
Home you can afford |
Annual Tax Savings approximate |
Home Value after 5 Years approximate |
| $800 | $100,000 | $6,450 | $127,500 |
| $1,070 | $130,000 | $8,370 | $165,900 |
| $1,240 | $150,000 | $9,650 | $191,400 |
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