Subscribe and receive email notifications of new blog posts.
RSS Feed
Myth No. 1: You can't afford a down payment. Many would-be homebuyers opt for renting believing that they won't be able to afford to save the 20 percent down payment. In reality, you usually don't have to put 20 percent down. In fact, you can usually put down 10 percent, or sometimes 5 percent or less.
Myth No. 2: Renting is cheaper. Even if your monthly mortgage payment ends up being a little higher than what you might have paid in rent, that money is going toward your own long-term financial investment. When you pay rent, you're making your landlord richer, not yourself.
Myth No. 3: You won't recoup your money. Unlike stocks, real estate is, in fact, the safest long-term investment you can make. Yes, the market will go through its cycles, but if you're in it for the long-run, you will earn back your investment (and then some).
Myth No. 4: Renting is less of a hassle. Sure, you have less vested in your rental property, but the blood, sweat and tears you put into turning a house into your home is a richly rewarding experience. Not only are you creating the home you've always wanted, without the restrictions of a landlord, you're also building upon your investment.
If you'd like more homeowner information, please contact me.
Reprinted with permission from RISMedia. ©2018. All rights reserved.
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.
