Why It’s Time to Say Goodbye to Renting
Are you tired of seeing your hard-earned money go towards someone else’s mortgage every month? 2023 could be the year you fire your landlord and invest in your own property. This guide will walk you through the reasons why owning a home in Tulsa, OK, is a smarter financial choice than renting.
Advantages of Homeownership Over Renting
- Building Equity: Every mortgage payment you make contributes to your ownership of the property, whereas rent payments only benefit your landlord.
- Tax Benefits: Homeowners can take advantage of various tax deductions that renters cannot.
- Freedom and Control: Owning a home means you can customize it without needing anyone’s permission.
Disadvantages of Continuing to Rent
- Rising Costs: Unlike a fixed-rate mortgage, rent can increase annually.
- No Investment Return: Renting offers zero return on investment.
- Lack of Stability: Renters can be subject to eviction or lease non-renewal.
How to Make the Transition from Renter to Homeowner
- Assess Your Finances: Review your credit score and determine how much you can afford to spend on a home.
- Get Pre-Approved: A pre-approval letter from a lender, like Kyle Bradley Mortgage, can strengthen your buying position.
- Search for a Property: Look for a property in Tulsa, OK, that fits your needs and budget.
- Close the Deal: After securing your mortgage and finalizing the contract, you can fire your landlord and move into your new home.
Preparing Financially: Tips for First-Time Homebuyers
- Save for Down Payment: Aim to save 20% for a down payment, although some loan types require less.
- Budget for Extra Costs: Don’t forget about closing costs, maintenance, and homeowners’ insurance.
- Consult with a Mortgage Advisor: Discuss your mortgage options with an experienced advisor to ensure you’re getting the best deal.
About Kyle Bradley, Your Guide to Homeownership in Tulsa, OK
Kyle Bradley | The Bowtie Lender
NMLS #488324
Kyle Bradley Mortgage
100 S. Riverfront Dr. Jenks, OK 74037
C: (918) 855-0494
E: [email protected]
www.kylebradley.com
With 16 years in the mortgage industry, I’ve helped countless individuals transition from renting to homeownership. My focus areas include conventional, jumbo, and new construction loans. I’m committed to making your mortgage experience seamless and efficient, aiming to close every transaction on time.
Contact Me for More Information
For personalized guidance on making the leap from renter to homeowner in Tulsa, OK, you can contact me at (918) 855-0494 or [email protected].