Whether You Rent Or Buy Either Way Youre Paying A Mortgage

Whether You Rent Or Buy Either Way Youre Paying A Mortgage

Whether You Rent or Buy: Either Way You’re Paying a Mortgage | MyKCM

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

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.


Bonnie Lelak Headshot
Author:
Phone: 404-788-2580
Dated: December 26th 2016
Views: 77
About Bonnie: Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program ho...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Its A Sellers Market Should I Downsize Now - A study by Edelman Berland
4 Great Reasons To Buy This Spring - Here are four great reasons to
Dont Let Your Luck Run Out - Some Highlights:The “Cost of
Which Homes Have Appreciated The Most - Home values have risen

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

North Atlanta Real Estate Site
250 Heritage Walk
Woodstock, GA
404-991-3349
404-591-8681