With prices depressed and interest rates low now is a good time to consider it. If you plan on being in Huntsville for three or more years it might be a good move financially.
For $1,100 per month including taxes and insurance and a 3.5% no down payment rural housing loan you could purchase in the $215,000 range. There are a good number of available homes (Including the one you rent.) in the Central district that might be candidates in the Huntsville AL MLS at the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116218822
When you consider the tax benefits of deducting mortgage interest from your income taxes, there is a grater financial advantage.
If you do have an interest in purchasing, even if it is the home you rent please let us know. We can have a trusted lender contact you for a loan preapproval, research market values, negate for you and watch out for your best interests.
Homes for sale in Huntsville AL; Huntsville AL MLS news.
Wednesday, August 15, 2012
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