A Low-Interest Home Loan Can Change Your Life in Missouri, Kansas, Illinois, Texas, and More
The home-loan professionals at Homestead Financial Mortgage know the benefits of owning a home. Our pros are committed to helping you get in to your new home quickly and without stress, when you call us to get pre-approved for a mortgage.
A low-interest home loan can help you get on your way to investing in your future and getting you in to the home of your dreams. Don’t wait; interest rates are low today, so now is the time to take advantage of them.
Owning a home is the right option for a lot of people. A house is an investment, so you’re paying for an asset each month rather than giving away hundreds, if not thousands, of dollars each month to your landlord. You never have to deal with complex housing leases, and you can create your own space in the style that you prefer without negotiating repairs with the maintenance team.
Here are a few more benefits of homeownership that will inspire you to contact a mortgage lender to get approved for a home loan.
Home Loans Are an Investment with Great ROI
A home isn’t just a place to live. It also comes with the big benefits of investments, including a return on investment, or ROI. Your ROI comes when your home increases in value after you make home improvements, and as you pay down the balance you owe on your home, until eventually, you don’t have a house payment at all. You can never achieve that living in a rental property.
When you add value to your home, you’re increasing the price you can ask for should you choose to sell it. In this way, you’re actually making money as you own your own home. The difference in this money can allow you to move into a larger, better home, or downsize later in life to enjoy retirement with a nice nest egg.
Don’t Throw Away Money On Renting
You can rent for years, and the only thing you get in return is a roof over your head. You can move out of a rental property and get nothing to show for it, except that you might get your deposit back, if you’re lucky.
Paying a mortgage is essentially like paying rent every month – although sometimes your mortgage amount is far less than the cost of renting the same size home. Purchasing your home actually helps you save money on housing in the long run.
You can buy a house for less than you spend on rent and invest in your future at the same time.
Customize Your Space
When you rent an apartment or home, you usually aren’t allowed to make any customizations or upgrades without express written permission from your landlord. And even then, what is the point? Why should you spend your own money on a space that you don’t even own?
When you work with a mortgage lender to own your own home, you can feel free to customize the space how you see fit, with a design that meets your aesthetic tastes and pleases your eye. And you don’t need to ask for permission to do it!
Even simple upgrades, like installing a programmable or smart thermostat, can be done with no questions asked in just a couple of hours to make your new home comfortable. And when you invest in more major upgrades, like new flooring, a tiled shower stall, or custom kitchen cabinets, you can get some of that money back as your house appreciates in value when you decide to sell. You do not get that value back from a rental property, nor do you get to really make your home your own.
So go crazy! Lay new carpeting! Paint all the walls! Widen a doorway! Put in a new deck! You can get most any upgrade you want when you own your home.
Remove the Middleman for Maintenance
If anything breaks in the home you rent, you have to either contact your landlord or a maintenance team to get it repaired. You’re often left out of the loop as to what is happening with the repair and when it will be done.
When you own your own home, you don’t have to wait on details and hope that the landlord is taking quick action. It is completely up to you to take care of the issue. And, if you feel confident you can make the repair, you can even feel free to do so yourself – a practice some landlords frown upon, even for the simplest things. Bottom line: homeownership gives you the freedom to do what you want to improve, repair, or modify where you live.
Take Advantage of Appreciation to Refinance or Buy a Bigger Home
If your first home isn’t your dream home, or you just need more space for your family, you can sell it and make money. This will give you a bigger down payment toward your new home. All the home improvements you put into your home can also increase your profit.
Or, you can refinance your current home loan to take advantage of the equity you have in it by lowering your monthly payment, getting a lower interest rate, or cashing out your equity to pay for renovations or other expenses.
Regardless of what you choose to do, the mortgage professionals at Homestead Financial can help you.
Our Mortgage Lenders Can Help You Get a Low-Interest Home Loan
Don’t dilly-dally if you’re looking for a good deal on a mortgage this year. Homestead Financial helps prospective homeowners in 10 states get home loans with low interest rates and agreeable terms. Our loan officers will take care of all the specifics with your loan as you work toward buying your new home.
Let Homestead Financial Help You Get a Low Interest Home Loan Today
If you’re ready to get in to your new home today with a low interest home loan, give Homestead Financial Mortgage a call. With locations in Missouri, Illinois, and Kansas, they are prepared to give you the support you need in order to get you the low interest home loan you deserve.
Homestead Financial is licensed to issue home loans and refinances in Arkansas, Colorado, Florida, Illinois, Indiana, Kansas, Missouri, Ohio, Tennessee, and Texas. Call one of our four locations to learn how to get started on a home loan pre-approval.
14897 Clayton Rd, Chesterfield, MO 63017 | (636) 271-4663
8585 College Blvd #110, Overland Park, KS 66210 | (913) 317-1000
4215 IL-159, Glen Carbon, IL 62034 | 618-288-7904
3005 Godfrey Rd Ste A, Godfrey, IL 62035 | (618) 980-3860