Hollywood Florida Renters, Are You Ready To Buy A Home??

Hollywood Florida Renters, Are You Ready To Buy A Home??

And stop throwing your hard earned $$$$ away!!

 

The average rent for a 3 bedroom 2 bathroom rental is $2,150 monthly and typically 3 times that amount to move in which comes out to $6,450.

For first time home buyers to purchase a home with an FHA mortgage loan they would need almost the same amount for their down payment.

 For example for a 3 bedroom 2 bathroom house purchased at $250,000 you would need 3.5% down payment which would come out to be about $8,750.

 That's with a 30 year fixed rate mortgage at 5% interest rate your mortgage payment would be $1,667 a month.

That's a savings of $483 monthly which calculates to $5,796 yearly and multiply that for 30 years which is a total savings of $173,880. Not including tax deductions and the credits you can claim for home ownership and work from home businesses if that applies to you.

Get an estimate on mortgage payments and down payment amounts with the mortgage loan calculator below.

Free Mortgage Calculators  

To see homes for sale in Hollywood Florida that cost $250,000 or less, click here.
As of the date of this blog December 31, 2017 there are currently over 600 homes for sale that are $250,000 or lower in price.

 If that's not enough consider the fact that if you're in an apartment you have to live with certain limitations so as not to bother your neighbors, vice versa.

You may not be able to decorate, paint or remodel like you wish to.

The money you're spending on rent every month is paying for your Landlord's assets and not your own.

You have no assets to leave to your heirs. 

Priscilla Hammond Licensed Real Estate Agent
RE/MAX Consultants Realty 1
1625 SE 17th St. Causeway
Fort Lauderdale, FL 33316
Office 954-767-4667
Direct 305-783-4269

#homes for sale in Hollywood Florida #first time home buyers #mortgage loan calculator #buying a home