DBA For James B. Nutter & Company NMLS 2067

Getting Ready to Buy a Home

Are you ready to buy a house?

Deciding if you’re ready to buy a house depends on a lot of factors. It’s important to examine your current situation and how it could change in the future. Do you plan to live there for at least five years? Do you have a stable income? Are you planning on any major life changes, like starting a family or changing jobs? Buying a house is a big commitment but there are a number of compelling reasons as to why you should buy your own home.


One of the biggest factors people choose to buy a house instead of renting is that once your mortgage term is over, you own the house. Owning a home provides a foundation in a way renting can’t.

Make Your Vision Come to Life

Your home is also a place you have the ability to make your own and the flexibility to make your vision happen. Change the paint color, knock down a wall or build an addition - it’s your home and you have creative control.

Tax Benefits + Equity

In addition to having more space for your lifestyle, you have the advantage to build equity and unlike rent payments, the interest you pay with your mortgage payments can be tax-deductible. In other words, you don’t have to make another monthly payment without building up any equity.

Equity is important because you can use it later on to pay for home improvements, pay off high interest rate debt, or whatever else you might need. Plus, home values are also going up, which means you gain more equity faster.


Why rent when you could own for the same monthly payment, or maybe less. Even though real estate prices differ in every community, renting is often more expensive than you might think. If you’re considering buying a house, now is the time to do so while rates are still low. Interest rates factor into the amount of your monthly mortgage payment, so a lower rate usually means a lower payment - making it more cost-effective to buy. Learn more about Mortgage Rate Types.

Here’s an example of how your $1,325* monthly rent could be the same monthly payment on a $250,000 home:

20% DOWN PAYMENT: $50,000
LOAN AMOUNT: $200,000

Principal & Interest (P&I) $955
Real Estate Taxes Estimated $250
Insurance $120

Check out our current mortgage rates and use our Mortgage Calculator to see what works best for you and your situation.

*The above is provided for informational purposes only. Based on a 30 year fixed APR 4.039%. Based on an original loan of $200,000 at 4.039% for 30 years. Not a commitment to lend. Loans available for qualified borrowers. Rates and terms subject to change without notice.

How do I determine if a Nutter Home Loan makes sense for me?

Don’t trust just any lender for the biggest purchase of your lifetime. Nutter makes it so easy to get started. Our experienced, non-commissioned Loan Officers are standing by to help you. We understand that communication in the home buying process is critical, which is why when you call Nutter, you’ll always talk to a real person. Whether you call or send us an email, we’ll promptly respond.

For over 65 years, we have helped thousands of families in America achieve the dream of homeownership. Our team of experts can help guide you every step of the way, from educating you about the home buying process, to getting you preapproved for a home loan, and finally, closing your home loan on time. Best of all, we offer low mortgage rates without charging all the extra fees other lenders do. This why so many choose to come home to Nutter Home Loans.

Our motto is simple: “If it’s not good for the customer, it’s not good for us."

Back Next - Exploring Your Mortgage Options

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