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Time goes by, monthly payments are made whether renting or owning. Place yourself in a position to have the monthly payments you make build equity, therefore enabling a financial return. Payments you make towards renting is a financial investment without any potential for financial gain. Home ownership uses this same monthly investment and rewards with a financial gain.
National Association of Realtors President quote breaks this topic down on the topic:
"Being a homeowner means building equity over time with tax incentives and a fixed monthly mortgage payment that acts as a forced savings plan, whereas rents - as most every renter could tell you today - continues to climb far above incomes."
CONSIDER: Equity Built - WHAT DOES THIS MEAN?
Equity is saved as a result of mortgage payments. See this as: payments you would be making monthly renting or owning. Yet, with owning a home the potential of financial gain after occupying and paying monthly over time, than selling, can return a portion of what you paid back to you.
Home equity built over time can be leveraged. The lump sum can be placed in a number of financial investments, or rolled into the next home purchase. In this way, the next home becomes more affordable by increasing the down payment portion of the next purchase which lowers the loan amount and in turn the monthly payment.
In this way, homeowners have more control over their monthly payment amount verses renting, & the equity built is returned to be reinvested enabling greater purchase power and more equity building.
CONSIDER:
Using your monthly payments to make money and opportunities.
Be informed and determine if the time is right for you to sell or buy a home.
Getting You Where You Want To Go!
Whitney Snow
832-797-6997
REALTOR
Texas United Realty
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