CAUGHT IN A RENTAL TRAP? IT’S CHEAPER TO BUY THAN RENT
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
It’s Cheaper to Buy Than Rent
While more than 85% of markets have burdensome rents today, it’s perplexing that in more than 75% of the counties across the country, it is actually cheaper to buy than rent a home. So why aren’t those unhappy renters choosing to buy?
Know Your Options
Perhaps you have already saved enough to buy your first home.
It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment. It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)
Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream home. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!
Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Have a professional help you determine if you are eligible for a mortgage. Give us a call today and let’s check if you can start a path to homeownership.
SEARCH HOMES NOW
And there you have it, my Dear Reader – CAUGHT IN A RENTAL TRAP? IT’S CHEAPER TO BUY THAN RENT.
Contact me anytime with any of your real estate questions.
Looking forward to hearing from you …
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