Compliments of The Linda Hall Team

Whether You Rent or Buy

Whether You Rent or Buy: Either Way You’re Paying a Mortgage | Keeping Current Matters

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.

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

Are you ready to put your housing cost to work for you?

Christina Boyle, Senior Vice President and Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

Bottom Line

This holiday season, why not give yourself the gift of homeownership? Lock in your housing costs for the next 30 years and guarantee you are the one building wealth.

If you would like more information on the latest Fort Mill, Tega Cay, Lake Wylie, Rock Hill, Clover, York, Indian Land market trends, please contact us

Questions? Just Ask!

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Testimonials

I would highly recommend Linda Hall to anyone wishing to sell their home. She is brilliant, experienced and a delight to work with. Sandy G, - Bermuda
We would strongly recommend Barbara to anyone looking in the area. We will certainly be telling any of our friends who might be coming to this area. – Shane, Fort Mill
What came over strongly from Linda was that she really cared. It wasn’t about the money, it was about what was the right deal for me. - Diana A, Bermuda
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