Posts from October 30th, 2017

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October
30

Renting or buying... either way you're paying for someone's mortgage!

October 30th, 2017 by Anonymous

There are some people who have not purchased homes yet 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, explained in their article,

"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 ra...

Click Here to Read More...

Categories: Mortgage Rates

Tags: home buyers, mortgage rates

Posts from October 30th, 2017

Renting or buying... either way you're paying for someone's mortgage!

Let Us Help

Not finding what you are looking for?

Ruhl&Ruhl Realtors

Posts from October 30th, 2017

Renting or buying... either way you're paying for someone's mortgage!

Let Us Help

Not finding what you are looking for?

Ruhl&Ruhl Realtors

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