Home ownership is highly valued in our culture. However, buying a home isn't the best decision for everyone. Examine the differences between owning and renting your home to help you decide if now is the time to buy. Effect On Flexibility Renters enjoy more freedom than homeowners. After the leasing period ends, renters are free to walk away and find a new place to live. Homeowners, on the other hand, are at the mercy of the market. Depending on the conditions, owners might have a hard time selling their property quickly. It also takes a lot more paperwork to sell a home than it does to end a … [Read more...]
4 Reasons Why Home Ownership Is Better Than Renting
Are you trying to decide if you should rent or buy? There are many reasons why home ownership is better than renting. Here are just a few to consider when you're making your decision. 1. Stability For Your Family When you own your home, the life of your family will be more stable. If you have children, this is a an even more valuable benefit. Your kids will be able to settle down into the routine of school and extracurricular activities. They'll be able to make lifelong friends in the neighborhood. You and your spouse will be able to feel a strong sense of community and belonging. 2. … [Read more...]
3 Great Homebuying Tools Millenials Have Available to Them Right Now
The economy seems to be heating up rapidly, but home loan interest rates are still at historically low levels. Real estate values have climbed a bit across the country, but low interest rates and affordable prices makes for an excellent opportunity for new homeowners to get into their first home before it rates and prices rise higher. According to the recent studies, there were 4 consecutive quarters of homeownership growth where new homeowners outpaced new renters. The solid economic fundamentals are likely responsible for creating this excellent home buying environment. Over the past … [Read more...]
Clever Tips for Paying Off Your Home Mortgage Faster
Paying off the mortgage on your Phoenix home faster not only means that you’ll be able to enjoy the peace of mind that comes with completely owning your property earlier, but you may also save thousands of dollars in interest payments. Below are seven clever tips to help you get your mortgage payments on the fast track. 1. Save for a large down payment Pay as large a down payment as you can reasonably afford. The more you can put down, then the less you’ll have to borrow from the bank. 2. Read the fine print When you are choosing a mortgage, look at the fine print to find out if … [Read more...]
