• Real Estate Select Staff

Paying your Landlords Mortgage?

There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

With home prices rising, many renters are concerned about their house-buying power.

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.

As mentioned before, 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.

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.

Feel free to contact me anytime with any real estate questions you may have.

Real Estate Select

Office 520-207-3335

Cell. 520-256-6697

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