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Wenatchee Real Estate Rent Or Buy Either Way You Are Still Paying A Mortgage
Dated: April 10 2017
Views: 1657
There are some people who have not purchased homes 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 Entrepreneur Magazine, a premier source for small business, explained this month in their article, “12 Practical Steps to Getting Rich”:
“While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you're making someone else rich.”
Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization 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.”
As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity. Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home.
Find Every North Central Washington Real Estate Listing at www.NCWhomes.com
Wenatchee, East Wenatchee, Chelan & Leavenworth Real Estate.
Melissa & Kent Kiser
melissa@melissakiser.com
509-668-8800
REMAX Landmark
Melissa Kiser
We are full time Realtors for over 27 years, we have successfully represented buyers, sellers and investors in the sale and purchase of thousands of properties. We believe our success can be attri....
1 comments in this topic
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Hi Melissa, My husband and I are interested in viewing this property as soon as possible. Would you be available to show this property tomorrow morning between 9 and 11:30? Please get back to me at your earliest convienence. Thank you, Tiffiney
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