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 rent-free, you are paying a mortgage - either yours or your landlord’s.
Owning a home won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you're making someone else rich.
With a fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be – unlike rents which will continue to rise over the next three decades. As an owner, your mortgage payment is a form of savings which allows you to build equity in your home that you can tap into later in life.
Are you thinking of taking advantage of home ownership benefits this year? You'll want to read Preparing for Your 2018 Home Purchase.
Are you ready to take advantage of being a homeowner? Give me a call or reply to this email for more info.
Article courtesy: KCM