Affordable Real Estate

Affordable Real Estate

Are you still writing those checks to your landlord every month to keep a roof over your head, but not accumulating any home equity? If you are still renting because you think you still need a fortune to get into your own home, you should investigate today's real estate market.

Interest rates are still relatively low, which means that mortgage loans are affordable, with payments potentially in the range of your current monthly rent. Qualifying for a loan was never easier, especially since lenders have increased in large numbers and are competing for your business. Even if you couldn't qualify to buy a home just a few years ago, you may be able to qualify today. There are a number of government programs and mortgage packages which require small down payments, in the three to five percent range--and that is not even talking about the tax advantages! Think about it the next time you write a rent check.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008 - US
We think we've answered this question for you!
 
 

Replies (8)

Profile picture for klarek the realist

Every time I write a rent check, I think about how the house has lost about five times that amount in just a month, and how smart renting can be. 

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008
Profile picture for klarek the realist

Oh, and if you couldn't qualify for a loan a few years ago when ANYBODY could qualify for a no-doc cash-out option arm loan, then pigs will fly before you are approved today.  Even incarcerated inmates could buy a few years ago.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008
Profile picture for mina36
LOL
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008

Heidi comeback!

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008
Profile picture for FatNoah

and that is not even talking about the tax advantages!

 

I bought a house in July and still think this post is dumb.  Hooray for tax advantages!  There's nothing like spending a dollar in interest to get 25 cents back.  Oh yeah, I have to pay property taxes too.  What?  I have to maintain the place too?

 

The main reason someone other than an investor should buy a house is because they want to own a house!  There are many advantages and disadvantages to owning that should need to be considered.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008
Profile picture for mina36
I don't even get to claim anything on my taxes. My numbers don't exceed my standard deduction.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008
Profile picture for n00bzilla

What is going on today??? Is it April 1st?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008

heidi

 

i just check out your 25 listings that you have had for months and i must say they looked tired.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 21 2008
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
Scams and Fraud
Profile picture for Michael Emery
Latest reply by Michael Emery
October 14 2010 | 75 answers
  • Posted by Russ Hatfield Jr.
  • In Home Buying
  • March 17 2010
Auction.com and williams and williams auctions--what has been your experience?
Profile picture for dspectra
Latest reply by dspectra
1 day ago | 71 answers
Can a buyer put multiple offers?
Profile picture for HighDesertAgent
Latest reply by HighDesertAgent
2 days ago | 11 answers
Are there any other Government handouts for first time home buyers besides FHA?
Profile picture for Melinda Shannon
Latest reply by Melinda Shannon
3 days ago | 6 answers
Is it worth buying an older home?
Profile picture for wayne lancaster
Latest reply by wayne lancaster
September 14 | 23 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

 
 
 
Sign in with Google