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Carmine Pantuso
REALTOR®
(386) 586-8161
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Stop Paying your Landlords Mortgage

Do you know it could cost you more to Rent than to Own? I’m not making this up. It’s a fact!

Most renters shy away from owning their own home because they assume that they need to have a big down payment and lot of cash up front in order to buy a home. That isn’t true.

There are several mortgage programs that will let you buy a home with little or no money down Florida Bond, FHA and VA loans to name a few.

Now’s a great time to buy because mortgage rates are very low.

Renting vs. Owning let’s take a quick look at the cost. Let’s say your current rent is $1500.00 a month.

You purchase a home for $250,000 you put down 3.5% and obtain a FHA 30 year fixed rate mortgage with an interest rate of 3.5% your monthly principal and interest payment would be $1083.00, private mortgage insurance is $101.00, estimated monthly property taxes $150.00, estimated home owners insurance $75.00 that adds that up $1409.00 per month. You just saved yourself $81.00 a month and you now own a Home.

Since mortgage rates are low, I would suggest starting the process sooner than later, the best way to get started is by talking with a local lender, if you don’t have a lender that you know or trust I can give you the names of several good lenders to talk with.

Over the past 39 years I’ve helped my clients happily purchase a home, so if you have any questions please call or email me I'm more than happy to help.

Please note the above figures are only estimates, mortgage rates and payments can vary depending on your credit history

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/16/2022. The listing information on this page last changed on 05/16/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Flagler MLS (last updated Mon 05/16/2022 8:59:02 PM EST). Real estate listings held by brokerage firms other than Realty Exchange may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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