Benefits of Homeownership
The Benefits of Homeownership Some things never change. The dream of owning a
home is rooted in our history and has always been a
part of the American Dream. Every dream or story is unique but there is a certain palpable commonality.
Regardless of a first- time homebuyer, second or more
time and or investment buyer. They all have the dream of making the purchase and a headful of plans. Back in the day for the Mrs. it was the vacuum cleaner for
him the lawnmower. Today the wifey cannot wait to
get started on the SheShed and the ManCave plans were finished week's ago...some things never change.
Very much like the benefits of homeownership. After years of home innovation. From wood and brick to stucco and railroad shipping cars. Times have changed, however, the benefits of homeownership remain synonymous over the years.
Why Rent when you can buy. A $1,300.00 monthly rent payment adds up. In ten years' the renter is out of over $156,000 due to rent increases at the end of a lease term. The average homeowner boasts a net worth ($231,400) – a 15% increase since 2013. That is 44 times that of the average renter ($5,200) a 15% decrease since 2013. To add the average rent index is up 0.9% over last year. Santa Monica apartments are the most expensive among the state’s largest cities. This July Marina del Rey, CA renters saw the highest average monthly rent increase, reaching $3,585 per month. A fixed mortgage won’t increase, but your sustainability will when you get one. Having a locked mortgage payment will level out living expenses and improve your quality of life. We have closed countless loans under the average monthly rent in Orange County. If you are renting and or know of someone renting, we can help you or them from making another not so wise decision according to the numbers... paying rent.
NEW AMERICAN FUNDING SAN CLEMENTE