Is now the right time to buy a home?

Are you still paying your landlord's mortgage?.......why not buy and start building your own equity! With mortgage rates setting new all time low's, combined with real estate prices not seen since the mid '90's, right now might be the best time to make the switch from renting to owning!

Below is an example of how renting compares with home ownership, $1750 rent vs $350k purchase:

Amount of Equity gained in 10 years

Your Equity Gained-

$202,758
Amount of rent paid in 10 years

Home Purchase Comparison

Rent Monthly payment Taxes, Ins, etc. Total Payment Tax Benefit Principal Paid $1,750 $30 $1,780 $0 $0 $1,780 Buy $1,604 $740 $2,344 $444 $503 $1,397

Paid to Landlord-

$244,341

Net Monthly Payments

Based on a 120 month analysis

Comparison assumptions: 30 yr fixed FHA loan Purchase Price: $350k, 3.5% down, 3.875% rate, APR 4.125% Down Payment: $12,250, closing costs: $6500 Rental Assumption Increase: 3%/yr Ownership Assumption Appreciation: 2% Tax bracket: 25%

of home purchase

Total Equity Gained Cash Paid to Landlord

$0 $244,341

$202,758 $0

Jeff Marr Senior Mortgage Advisor MLO # 275846 Alpine Mortgage Planning 2281 Lava Ridge Ct Roseville CA 95630 jmarr@alpinemc.com Cell 916-947-1312

Jim Hamilton REALTOR DRE #01871309 Lyon Real Estate 150 Natoma Station Dr, ste 300 Folsom CA 95630 jhamilton@golyon.com Cell: 916-601-0500

Pinnacle Capital Mortgage Corporation NMLS 81395 | WA CL-81395 | ID-MBL-6950 | AZ-BK 910890 | UT-7033397-MLCO | NM-03710 Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. This is not a commitment to lend. Rates, prices, home availability, and guidelines are subject to change without notice. Subject to review of credit and/or collateral. Not all applicants will qualify for financing