From Home Renter
to HOMEOWNER

Buying a home can be exciting, but also challenging. CENTURY 21 Tenace agents can provide advice at any stage in the homebuying process. There are many myths surrounding purchasing a home and its process. Talking to your CENTURY 21 Tenace sales professional is the first step towards owning a home and dispelling those myths. Remember! Talking to your agent, finding out if and how much you can afford, and asking questions costs you absolutely nothing! As an added bonus, when buying a home, the seller pays the agent commission. Talk to your agent today, so we can put you on the path towards homeownership.

Home Buying Myths

There are many myths surrounding the home buying process.

REMEMBER!
It costs nothing to find out if and how much you can afford to buy. Asking questions is always encouraged and of course, FREE. Speak with your CENTURY 21 Tenace agent to get started.



I need a 20% Down Payment

Down Payments start at 3.5%. In many cases you don’t need as much money to close as you may think you do.

*

My Credit is too Low

While credit may be a factor, There are many ways to boost your credit score.

I have had a foreclosure or short sale

Web Apps



Renting is Cheaper than Owning

Renting is only cheaper upfront and in the short term. Depending on the price, buying can be cheaper in as little as 3 to 5 years.

I'm waiting for the market to crash

Apps & Games

Repairs, Insurance, ETC

PHP

Building Wealth Through HOMEOWNERSHIP

By trading your monthly rent for a monthly mortgage payment, each payment builds equity. If you pay $1,500 a month, at the end of five years, you will have paid $90,000 either to your landlord or towards your own investment. Thereby increasing your wealth. That is not even including the appreciation most homes see.

FREE Qualifications
NO Cost
NO Obligations

Buyer Assistance Programs

A down payment on a home is one of the biggest challenges facing new homebuyers. Fortunately, there is support available. There are many local housing authorities, state-sponsored funding, and other federal programs that offer down payment assistance to qualified borrowers. You may qualify for down payment assistance based on your occupation, location, or special household circumstances.

Home Partners of America

Rent or own, the choice is yours. Choose a home for sale and rent it! Home Partners of America give you the exclusive right to buy it and you decide if it’s right for you.

American Home Shield

Included for FREE when you buy with CENTURY 21 Tenace Realty. American Home Shield warranty plans cover parts of up to 23 appliances and systems, and if they can’t repair your covered item, they’ll replace it. That’s why they’re America’s #1 Home Warranty Company with more than 2 million members.

Rock Beats Scissors
Buying Beats Renting

Enjoy Fixed Housing Expenses

If you opt for a fixed-rate mortgage, you can rest easy knowing that your mortgage costs will remain the same over the term of the loan. Compared with renting, where landlords can opt to increase renting costs every year. Sometimes by large and unexpected amounts.

Creative Freedom

Being a homeowner means you have the freedom to create a home that reflects your unique taste and preferences, as opposed to your landlord’s.

Potential Tax Benefits

While eligibility for tax benefits varies, homeowners can often deduct the interest they pay on their mortgages. There can also be the option to deduct property taxes up to a certain amount.

Not Throwing Money Away On Rent

Unlike your monthly rent, the payments homeowners make on their mortgage actually help strengthen your financial future. Homeowners build up home equity, which you can tap into.