Either Way You Are Paying A Mortgage

Dated: 01/17/2017

Views: 152

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.

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

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

In 2017, why not give yourself the gift of homeownership? Let me show you how to lock in your housing costs for the next 30 years and guarantee you are the one building wealth.

Marvette Cofield

You don’t choose a home because you love the paint color. No, an investment this big demands in-depth knowledge so that you can buy with confidence. That’s where I come in. As an agent with Berk....

Latest Blog Posts

Why No Two CMAs Are Alike

Whether you’re a buyer or seller, your agent will prepare a comparative market analysis(CMA) based on similar homes within a given search area, using size, age, features, condition and location,

Read More

Real Estate And The Price Of Apples

Consider this scenario. Say you're at your local supermarket and notice that apples are on sale for $3.95each. If you've ever purchased apples before, you know that's a pretty hefty price.However,

Read More

May Home Sales Indicate Booming Virginia Market

Residential real estate sales continue to illustrate steady strengthening. Though inventory constraints eased in May, limited supply persists and is applying pressure to both price and the speed of

Read More

The 46 Homes That Just Hit The Market In Stafford

 This home in Austin Ridge just hit the market has 5 bedrooms 3.5 baths on just over 4,200 sqft. The home buyer market is more competitive today than it has been in years, which is why it

Read More