It may be the difficulty of moving out of a comfort zone the reason why many people are still renting, and my comfort zone I don’t mean a geographic zone, but a mindset zone.
There is without question a great deal of people that are committed to paying the same amount of money as a rent for their home or apartment that has been sheltering them for a long while, exposed to rent increases out of their control, leaving in smaller unit, owning zero of that property and yet not making an attempt to own their own home.
The amount of rent coming out of their paycheck is about the same as what a mortgage payment would be since we still have this all-time low-interest rates that by the way may increase during this year
There are plenty of benefits when purchasing a home such as wealth building, through home equity, cheaper borrowing, government incentives for first time home buyers, living in comfort and financial discipline
The obligation is, however, to help those with the interest in learning the way to home ownership, so that the time of renting becomes a chapter in a book of history and not a concern for the future.
As we live in a complex society, obstacles to home ownership are developed by us, when we choose our lives style and the way we conduct ourselves, the way we manage our wealth by the way we prioritize our needs.
However, there will always be factors that can discourage or strengthen our will to own or not to own our home. but obstacles can be removed from the way clearing the path to home ownership that in most cases is a good life-changing event. Factors like low credit score, no down payment savings or others can be removed from the way.
These obstacles can be clear with a set of good advice from your mortgage agent, the help of mortgage lenders and the resolute will of the home buyer starting by calling to arrange a simple and short mortgage assessment. If the will to home ownership is in your mind, delaying to call now may result in giving way to another year of renting whether you are employed or self-employed.
Call today and request your free mortgage assessment