Either Way You Are Paying A Mortgage

Dated: 01/17/2017

Views: 200

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.

Blog author image

Marvette Cofield

Your real estate journey should be an AWESOME experience, if not, I have not done my job. Success is defined by my client’s satisfaction when they achieve their specific real estate goals. I take gr....

Latest Blog Posts

Top Performers Recognized

At its Annual Awards Presentation, Berkshire Hathaway HomeServices Select Realty recognized the accomplishments of its Sales Associates for 2017.Awards were presented in five categories

Read More

21 Terms You Should Know When Buying A Home

Whether you're a first time homebuyer or veteran to owning a home, the real estate buying process can seem like a lot to absorbin a short amount of time. Knowing the terms the real estate industry

Read More

Dead In Fred Tour

Fredericksburg is so rich with history from George Washington’s childhood home to battlefields to graveyards. All of which you can tour at your leisure. However, on March 24Th, there is a

Read More

St Pattys Day Parade In Fredericksburg

Join Adventure Brewing Company this weekend as they celebrate their 16th annual Jeff Fitzpatrick St. Patrick’s Day Parade on March 17th. The parade begins at noon on the corner of Main St and

Read More