There can be so many reasons as to why homeowners aspire to have their home paid for. Some of those reasons can include no mortgage payments, financial security, debt reduction, to lower expenses, retirement planning, financial freedom, legacy planning, no risk of foreclosure and reduced stress. And, believe it or not, there are more. Every […]
Here’s the question … are you better off, from a financial standpoint, renting or owning your home? Normally, renting a home does have some advantages. It’s a short-term commitment, and your landlord is responsible for all repairs. In most cases nowadays, owning a home can actually mean that your monthly payment would be lower than […]
Over the last several years, there have been a variety of factors that have led to a rental unit shortage especially with single-family homes. Due to this shortage, rents nationwide have been increasing. In most national markets, it costs considerably less to own than to rent. Paying less on a monthly mortgage to buy a […]
The ultimate goal of today’s renters is to own their own home. But many just continue to pay rent month to month and miss out on the emotional and financial advantages. I can recommend a mortgage professional that will help you explore programs for low or no down payment. Veterans often get special consideration and […]
Bargain shopping. We are all guilty of doing bargain shopping and looking for the best deal. Sometimes even waiting for that 50 percent off sale in our favorite store. Renters should consider being bargain shoppers also. With today’s low mortgage rates, you can buy a $200,000 home with 3.5 percent down on a 4.5 percent […]
In a recently released study, Fannie Mae states the consumer attitudes continue to be favorable about homeownership, especially with younger generations, ages 18 to 34. When comparing the financial and lifestyle benefits, slightly over half of them (71 percent) think that owning makes more sense than renting. Protection against rent increases was mentioned.
