How Homeownership Impacts You

Written by Longboat Key Mortgage Mortgage Syndicated User on June 2, 2022. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Rent vs. Buy.

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways. Your Home Can Reflect Your Tastes and Personality Investopedia...

How Homeownership Can Bring You Joy

Written by Longboat Key Mortgage Mortgage Syndicated User on May 18, 2022. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home. A Little Change Can Bring Lots of Joy There’s a significant level of pride that comes from owning...

A Key To Building Wealth Is Homeownership

Written by Longboat Key Mortgage Mortgage Syndicated User on March 28, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

The link between financial security and homeownership is especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.” Here are just a few reasons why, if you’re looking to increase your financial stability, homeownership is a worthwhile goal. Owning a Home Is a Building Block for Financial Success A recent...

The Many Benefits of Homeownership

Written by Longboat Key Mortgage Mortgage Syndicated User on March 22, 2022. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

The past two years have taught us the true value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. If you’re looking to buy a home today, think about all the ways homeownership can impact your life. Homeownership Has Impactful Personal and Emotional Benefits Owning your home gives you a significant sense of pride because it’s a space that is truly yours. And as a homeowner, you can customize your home to your heart’s desire....

Are You Wondering if This Is the Year To Buy a Home?

Written by Longboat Key Mortgage Mortgage Syndicated User on March 16, 2022. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for decades. To make an informed and powerful decision, the first step is understanding what’s happening in today’s housing market so you can determine which option is the better long-term financial decision for you. Rents Are Going Up Again...

The Difference Between Renting and Owning [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on February 25, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

Real Estate Voted the Best Investment Eight Years in a Row

Written by Longboat Key Mortgage Mortgage Syndicated User on February 21, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Longboat Key Mortgage Mortgage Syndicated User on January 31, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Longboat Key Mortgage, Mortgage Longboat Key, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller...

Avoid the Rental Trap in 2022

Written by Longboat Key Mortgage Mortgage Syndicated User on January 4, 2022. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph below): In 2021, rents grew dramatically. According to ApartmentList.com, since January 2021: “. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from...

4 Things Every Renter Needs To Consider

Written by Longboat Key Mortgage Mortgage Syndicated User on November 15, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):If you’re a renter, you’re faced with payments that continue to climb each...

Category: Rent vs. Buy