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

Florida Mortgage loan, Christian Penner,#ChristianPenner, Christian Penner Home Loan Company,#ChristianPennerHomeLoanCompany, Current Mortgage Rates,#CurrentMortgageRates, FHA loan,#FHAloan, FHA loans,#FHAloans, FHA Mortgage Financing Specialist,#FHAMortgageFinancingSpecialist, FHA Mortgage Lenders,#FHAMortgageLenders, FHA VA Financing Specialist,#FHAVAFinancingSpecialist, Harp Refinance,#HarpRefinance, Home Finance Mortgage,#HomeFinanceMortgage, Home Loan,#HomeLoan, Home Loan Company,#HomeLoanCompany, Home Mortgage,#HomeMortgage, Home Mortgage New,#HomeMortgageNew, Lenders Mortgage,#LendersMortgage, Mortgage,#Mortgage, Mortgage Banker,#MortgageBanker, Mortgage Banker West Palm Beach,#MortgageBankerWestPalmBeach, Mortgage Broker,#MortgageBroker, Mortgage Broker Florida,#MortgageBrokerFlorida, Mortgage Broker West Palm Beach,#MortgageBrokerWestPalmBeach, Mortgage Broker West Palm Beach,#MortgageBrokerWestPalmBeach, Mortgage Brokers,#MortgageBrokers, Mortgage Brokers West Palm Beach,#MortgageBrokersWestPalmBeach, Mortgage Companies,#MortgageCompanies, Mortgage Company,#MortgageCompany, Mortgage Lender West Palm Beach,#MortgageLenderWestPalmBeach, Mortgage Lender West Palm Beach,#MortgageLenderWestPalmBeach, Mortgage Lenders,#MortgageLenders, Mortgage Loan Lender,#MortgageLoanLender, Mortgage Loan Lenders,#MortgageLoanLenders, Mortgage Loans,#MortgageLoans, Mortgage Rate,#MortgageRate, Mortgage West,#MortgageWest, Palm Beach Mortgage Broker,#PalmBeachMortgageBroker, Palm Beach Mortgage Broker,#PalmBeachMortgageBroker, Palm Beach Mortgage Company,#PalmBeachMortgageCompany, Real Estate,#RealEstate, Real Estate,#RealEstate, Real Estate Home,#RealEstateHome, Real Estate Home,#RealEstateHome, Real Estate West Palm Beach,#RealEstateWestPalmBeach, Realtor,#Realtor, Realtor West Palm Beach,#RealtorWestPalmBeach, Refinance,#Refinance, Refinance A Mortgage,#RefinanceAMortgage, Refinance Home Loans,#RefinanceHomeLoans, Refinance Mortgage Lenders,#RefinanceMortgageLenders, VA Financing Specialist,#VAFinancingSpecialist, VA Home Loan Expert,#VAHomeLoanExpert, VA Home Loans,#VAHomeLoans, Christian Penner Mortgage Team, #ChristianPennerMortgageTeam, #Mortgage, #MortgageLenderWestPalmBeach, #MortgageBroker, #Home, #RealEstate, #Finance, #Rates, #Loan, #MortgageRates, #HouseHunting, #ForSale, #NewHome, #DreamHome, #Properties,

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

There 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 mortgageeither yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:

“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.”

With home prices rising, many renters are concerned about their house-buying power. Mark Fleming, Chief Economist at First American, explained:

Over the last three years, renter house-buying power has increased fast enough to keep pace with house price appreciation, so the share of homes that a renter can afford to buy has remained the same since 2015.

Although mortgage rates are expected to rise, they are still low by historic standards, and real household incomes are the highest they have ever been. Assuming this trend continues, our measure of affordability, which takes into account income, interest rates, and house prices, indicates that homeownership is still within reach for renters.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.51% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.

 

 

Read from source..>>

 

 


Questions, Comments or For more information you can contact Christian Penner at: (561) 316-6800 or Office Text Line: 561-530-2223 - visit us online at www.ChristianPenner.com

The Christian Penner Mortgage Team,

Buyer Referral Hotline : (561) 316-6800

 


Helping You Achieve the American Dream of Home Ownership


Or You can click "Call Me" below to call Christian Penner directly using Google Voice


Christian Penner, Branch Manager Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 18 years with his Home Loan Lending Needs and Works with The Christian Penner Mortgage Team. Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender.

- - -

Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223

Christian Penner
712 U.S. Highway 1 North #300, North Palm Beach, FL 33408

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223

- - -

Post a Comment