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The-Mortgage-Gal

Buy versus rent

Consider the top five reasons to buy versus rent:

 

#5 Experience Freedom:  Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else’s schedule to change or fix things in your home.

 
#4 Take Advantage of Today’s Low interest Rates: With today’s great rates, your monthly mortgage costs may even be less than the rent you’re paying now!
 
 
#3 Decorate: Get 100% financing and spend your savings on things like renovating - according to your own style, not your landlord’s!
 
 
#2 Invest: Take comfort knowing that a portion of your monthly mortgage payment will go towards your home equity.  Also, with real estate prices still on the rise, when you sell you will have a healthy capital gain (tax free!).
 

#1 Save money every month:  Compare $1500/month rent to a $1345/month mortgage payment on a $300,000 home with 5% down. That’s a savings of $155 each and every month!*  based on 25 year amortization, 5 year term at 2.69%

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.



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About the Author

Tracy Head helps busy families get a head start on home ownership.

With today’s increasingly complicated mortgage rules, Tracy spends time getting to know her clients and helps them to better understand the mortgage process. She supports her clients before, during, and after their mortgage is in place.

Tracy works closely with her clients, offering advice and options. With access to more than 40 different lenders. She is able to assist with residential, commercial, and reverse mortgages in order to match the needs of her clients with the right mortgage package.

Tracy works hard to find the right fit for her clients and provide support for years down the road.

Call Tracy at 250-826-5857 or reach out by email [email protected]

Visit her website at www.headstartmortgages.com

Download her app: Headstart Mortgage Architects

 

 



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The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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