Rent vs. Buy

75% of Renters Have Been Misinformed

Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"75%Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home. In 2008, […]

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Are You Spending TOO Much on Rent?

Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"AreChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

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Housing Is Still Affordable in the United States!

Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"HousingLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

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The True Cost of NOT Owning Your Home

First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"TheOwning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com/ reported that: “Buying remains the more attractive option in the long term – that remains the […]

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Rents Are on The Rise: Don’t Get Caught in The Rental Trap!

First Time Home Buyers, For Buyers, Rent vs. Buy /

\"RentsThere are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Our national rent index is up 0.1 percent month-over-month, marking the sixth straight month of […]

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Rent or Buy: Either Way You’re Paying A Mortgage!

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Rent vs. Buy /

\"RentThere are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, 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 […]

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The Net Worth of a Homeowner is 44x Greater Than A Renter!

First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"TheEvery three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, […]

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