Are you currently renting in Piqua? If so, it's high time you considered owning your own home. Interest rates are great and mortgage options are so plentiful that there is no longer any argument that justifies paying rent.

You can turn your hard earned money into equity. Equity is the difference between what you owe on your loan and the value of your home. The more equity you build up, the more financial security and power you have.

Among renters, the number of families that spent more than half of their income on housing grew by 24% over the last few years. You work too hard to simply give away that money, when you could be making it work for you in the form of home ownership.

Do you think that you may not qualify for conventional financing? Contact a real estate agent who can help direct you to a good local lender. The lender can explain financing options to you. Do you still think you need a 20% down payment  to get a loan? You don't! If you have good credit, you can purchase a home with very little or no out of pocket expense. There are hundreds of loan programs available to you.

Many times your house payment is lower than the amount you are paying in rent right now. If your new loan is a fixed rate mortgage, you're always going to know what your payment is going to be. Can you say that about your rent payment? If you own your home - it's yours to live in and enjoy. If you're renting a house and the owners' son wants to move into it, you're going to be checking the classified ads under housing.

Right now the buyers in Piqua have a wonderful opportunity to purchase a home. Interest rates are still good, there are lots of homes to choose from, and hundreds of loan programs. Don't miss out on this opportunity. You'll never regret owning your own home.