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Four Questions to Ask Before Choosing a Mortgage or Buying a Home

These four questions can help you make smarter mortgage and housing choices:

  1. Why is it better to buy a home right now vs. renting a home?  Buying a home usually requires more upfront capital, more ongoing expenses and a longer-term commitment.  Make sure to run the numbers with a professional to evaluate whether you'd be better off buying vs. renting.
  2. How can I make sure this fits into my short-term and long-term budget?  Make sure to compare your options when it comes to:
    • Choosing a down payment amount and strategy
    • Choosing a monthly payment scenario
    • Choosing a price range for your new home
  3. How will this financial decision impact other areas of my life?  Make sure to think through how your cash flow situation will impact:
    • Children’s college funding
    • Retirement planning
    • Taking care of elderly parents
    • Other large financial purchases or commitments
  4. What mortgage and home buying strategy will result in less overall financial risk? The mortgage is most likely going to be your single-largest debt, and your home is most likely going to be your single largest investment. That’s why it's important to evaluate and compare your options with a mortgage professional.

Contact me so we can get started!

Geoff Rooker
Geoff Rooker
NMLS Number: 148692 | LO-0910943
Primary Residential Mortgage, Inc.
(602) 550-5626
16430 N. Scottsdale Rd. #150,
Scottsdale, Arizona 85254 Corporate NMLS Number: AZ BK-0902614 |NMLS-3094