"Ignore the Headlines!" 
Sunday, March 2, 2008, 09:21 PM
Posted by Tony
If you are looking to invest money, don't even think about buying stocks if you do not own a home. That should be your first investment because an owner occupied home is nearly ALWAYS profitable.

When prices are falling, few people have the discipline to buy a house. But those that doo take advantage of the market tend to excel in the long run.

Let's say that you are emotionally ready to become a homeowner. You have good credit and plan to stay in your house for five years and have been waiting for the right time to buy. Now is the time before the interest rates start to rise!

Check this out...

Buy a house TODAY for $218,900. Put 20% down and get a 30 year fixed rate mortgage at 5.5%. Monthly payment will be $994.31.

Wait 12 months. Price drops 10% to $197,010. Mortgage rates are now at 6% because recession is endind. Monthly payment will be $994.94.

You save NOTHING by waiting a year and you've been throwing away your rent money every month!


If you already own a home and it appears you will be trapped for a few years, try to refinance at today's lower rates.

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