How do you know when it is time to buy rather than rent?

Well, my thoughts are that when rents increase so much that it is cheaper to make a monthly mortgage than to pay rent, especially when the rents increase annually.

Please pardon the numbers. A single family home in Mission Viejo goes for about $550,000. Down payment as low as $20,000 Monthly mortgage as low as $2250 a month. Single family homes for rent in Mission Viejo are as low as $2700 a month and as high as $3500 a month.

Basically, it can be time to buy now, as the rents continue to rise, the number of homes available to rent continue to decline and the number of homes available to purchase go up.

The first thing you should do is contact a lender and get an idea of how much home you can afford to purchase. They can check your credit and income and expenses and make a determination based on the max monthly payment you can afford per month, or the max that you want to pay per month.
With that monthly payment determined and how much you plan to put down, they can tell you how much house you can buy.

Then you contact a realtor and we can show you all the homes in your preferred area with your preferences and in your price range.

Once we find that perfect home, we will walk you through the rest of the process.

If you have any questions about this process, or anything, just call Julz.
www.justcalljulz.net