Whether You Rent or Buy A Home: You’re Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either yours or your landlord’s, so why not buy a home.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build home equity that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Whether You Rent or Buy A Home: You’re Paying a Mortgage

Are you ready to put your housing cost to work for you?

Christina Boyle, Senior Vice President and Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

Bottom Line

This holiday season, why not give yourself the gift of homeownership? Lock in your housing costs for the next 30 years and guarantee you are the one building wealth.

Whether You Rent or Buy A Home: You’re Paying a Mortgage

 
So if you are tired of paying your landlords mortgage and ready to start buy a home and build your own home equity, call today 605-858-0775, or click on the link below to schedule a free no obligation home buyer consultation and get prequalified for free.