Last week on July 16 the federal mortgage interest rates dropped to 2.98% for a 30-year loan which was the first time rates have fallen below 3% in the past 50 years. Rates won’t stay this low forever, making this a prime time to stop renting and start owning! There are so many benefits that can come with owning a brand-new home.
Making the step to homeownership allows you to embrace many benefits in addition to living the American dream. Owning a home may provide potential tax breaks while also creating a second stream of revenue when home values rise. Additionally, owning your home gives you the flexibility to update, customize and decorate your property as you see fit. When you invest in a new home, you invest in yourself! Here are some key benefits to help you get moving today:
- Build Equity – you can’t build equity in an apartment or rental property, but you may in your own home.
- Fixed P&I Payment – Your rent can increase when your lease is renewed. With a fixed-rate mortgage and especially at today’s great rates, the fixed principal and interest payments won’t go up.
- Customize Your Space – want to personalize your home to reflect your unique taste? Owning means you can do so without having to worry about losing your security deposit.
- Tax Deduction* – your rent payment is typically not tax deductible, but the interest portion of your mortgage payment could be. *Consult your tax advisor
We build new homes for families at every stage of life all across the Bay Area’s most desirable locations. All of our new homes also come with added value and style thanks to Lennar’s Everything’s Included® program. It not only provides today’s popular features and upgrades, such as stainless-steel appliances, quartz or granite countertops, integrated home automation and Wi-Fi CERTIFIED™ home designs at no additional cost, but also creates an easy and simplified homebuying experience from start to finish.
Our model homes are open by appointment in the Bay Area, with three ways to tour: virtual tours online, self-guided tours at select communities‡ or scheduled appointments with a New Home Consultant who will walk you through the home.
Visit www.lennar.com/bayarea to start your search today!
CONTINUE BELOW FOR DISCLOSURE
†This statement is based on currently available information from https://www.freddiemac.com/pmms/#, current market conditions and should never be relied upon. Market rates are based on market trends and other factors that can cause predictive statements to differ materially. This statement is no guarantee of the present or future market conditions and market values. Lennar makes no guarantee of present or future market conditions. Forecasts, projections and other predictive statements should never be relied upon. You should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of any real estate transaction. Before making a decision to purchase based in whole or in part on tax treatment or tax benefits, customer should consult a qualified tax advisor. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Please see your New Home Consultant and/or home purchase agreement for actual features designated as an Everything’s Included feature. For information about the Wi-Fi Alliance® program guidelines for Wi-Fi CERTIFIEDTM Home Designs, see the Wi-Fi Alliance® website at www.wi-fi.org. ‡Real estate agents/brokers representing the buyer, if any, must accompany a prospective buyer during the buyer’s initial self-guided tour in order to be eligible for any offered commission from Lennar. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2020 Lennar Corporation. Lennar, the Lennar logo, Everything’s Included, and the Everything’s Included logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. CalAtlantic Group, Inc., CA DRE Broker #02058246 (Responsible Broker: Joanna Duke). Lennar Sales Corp., CA DRE Broker #01252753 (Responsible Broker: Joanna Duke). BMR Construction, Inc., CA CSLB #830955. CalAtlantic Group, Inc., CA CSLB #1037780. Lennar Homes of California, Inc., CA CSLB #728102. Date 07/20