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Tuesday, April 11, 2017

Rental Trap

Careful…Don’t Get Caught in the Rental Trap! Have you heard - it is cheaper to buy then to rent! In some markets that is very true. Seriously though folks - if you pay rent - especially higher rent - it becomes harder to save to get a home of your own. The higher the rent, which often increases annually, the harder it is to have a savings program. That is why we recommend buying a home even if it is with little money down. And when you buy go for a fixed rate mortgage to lock in your mortgage payment. Of course, there will be modest increases for property tax or insurance, but the majority of your payment is a fixed amount toward what you borrowed. Rents will not likely stay fixed! For more information, read today's article and call if I can better help you mover into a home of your own