Sick of Renting

Renting has its drawbacks, including:

1. Lack of Equity: Rent payments don’t contribute to ownership, so renters don’t build equity in a property. In many instances, one can own for about the same payment or a little more than their rent and invest in real estate.
2. Limited Control: Renters often have restrictions on modifications and personalization of their living space.
3. Uncertain Costs: Rent can increase over time, subjecting renters to potential financial instability. This happens all too often.
4. No Long-Term Stability: Renters may face the risk of eviction if they cannot afford rent or if the landlord decides to sell the property. This creates added stress when you least expect it.
5. Limited Privacy: Landlords or property managers may have access to the rental property for maintenance or inspections. Many lease agreements stipulate that the landlord or property manager have the right to inspect the premises with little advanced notice.
6. No Tax Benefits: Renters don’t qualify for tax deductions and credits available to homeowners, such as mortgage interest deduction. Why pay uncle same more?
7. Potential Restrictions: Some rental agreements have strict rules regarding pets, guests, or subleasing.
8. Limited Investment Potential: Unlike homeownership, renting doesn’t offer the potential for property appreciation or rental income from tenants.

We offer many loan programs with little to no money down, with competitive rates, and can close in less than 30 days. With over 23 years in the mortgage industry, I have helped 1000 of buyers become homeowners. If you’d like to look into homeownership, contact me for a free no obligation pre-approval.