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WHOSE MORTGAGE DO YOU WANT TO PAY? YOURS OR YOUR LANDLORD’S??

Monday, February 4, 2019   /   by Nicole Solari

WHOSE MORTGAGE DO YOU WANT TO PAY? YOURS OR YOUR LANDLORD’S??

WHOSE MORTGAGE DO YOU WANT TO PAY? YOURS OR YOUR LANDLORD’S?




Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?



There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, 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 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.”






“The spring homebuying season is almost upon us, and if rates stay lower, inventory continues to grow, and the job market maintains its strength, we do expect to see a solid spring market.”





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 building that equity.




As mentioned before, 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. Freddie Mac’s latest report shows that rates across the country were at 4.46% last week.



Bottom Line



Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.







LINK : http://www.keepingcurrentmatters.com/2019/02/04/whose-mortgage-do-you-want-to-pay-yours-or-your-landlords/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost




  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, solari team, solari group, solano county, napa valley, dream home, home selling, renters

The Solari Group
Nicole Solari
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-9057
DRE# 02045526
Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-759-7679

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119


IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:February 16, 2019
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