Everybody wants to own a home, and to do what they want with their own personal space. However, the cost of a mortgage can be worrisome to most people. Luckily, the fact is that if you’re currently renting a house or apartment, it’s likely that you can afford to make mortgage payments.
In this quick vid, Roger and NJ Realtor Patricia Ruiz give insight into the world of Buying vs. Renting. For an example, they explain that someone paying $2,150 a month in rent can potentially buy a $300,000 home with just a $9,000 down payment! In addition, once you own a home you can decorate the space however you want! You have no landlords telling you what to do! For instance, you could paint the walls, hang pictures, get a pet, and do much more!
Buying a home is not as scary or complex as many people make it out to be. In fact, owning a home is one of the best things that you can do to increase your equity. Let us at Rate House Mortgage Company simplify the process for you, and get you the best rate on a new home!
To learn more about the home-buying process, click here!