Stop Renting And Buy Your Home Today

Stop Renting And Buy Your Home Today

Courtesy of The KCM Blog
Posted: 15 Sep 2015 04:00 AM PDT

STOP RENTING AND BUY TODAY!!!!

WWW.RENEEPLUMLEE.JPHOMESFORSALE.COM

There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home.

Housing Cost & Net Worth

Whether you rent or buy, you have a monthly housing cost.

As a buyer, you are paying YOUR mortgage.

Every mortgage payment is a form of what Harvard University’s Joint Center for Housing Studies calls “forced savings.”

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

The principal portion of your mortgage payment helps build your net worth through building the equity you have in your home.

As a renter, you are paying YOUR LANDLORD’S mortgage.

Below is an example of the home equity that would be accrued over the course of the next four years if you were to buy a home by the end of this year; based on the results of the Home Price Expectation Survey. Home Equity Over The Next 4 Years | Keeping Current Matters In this example, simply by paying your mortgage, you have just increased your net worth by over $34,000!

Bottom Line

Use your monthly housing cost to your advantage! Meet with me, your local real estate professional who can explain the opportunities available in your market.

 

Renee Plumlee, Realtor®
Texas Real Estate License #0612718

214-734-5872 cell/text
JP and Associates REALTORS®
Exceeding Expectations
Turtle Creek/Shops at Legacy/Frisco Square/Summit Towers
Search homes on your own @ www.reneeplumlee.jphomesforsale.com


Rachel Jama Headshot
Author:
Phone: 817-909-4414
Dated: September 15th 2015
Views: 603
About Rachel: Rachel was born in Fort Worth and grew up in the Hurst, Euless, Bedford area. After graduating high ...

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JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
4692875503

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