Three benefits of homeownership that renters are missing out on right now.

#Homeownership has many benefits over renting in any market. However, these three top benefits will help people who are renting right now. If you are renting and thinking of buying, this article is for you. Call me after you have read this. It doesn't matter if you are in metro Atlanta or other parts of the United States.

1. Fixed monthly payments?

#Homeowners get a fixed monthly payment every month. When you enter into a fixed mortgage, the principal and interest portion of your payment stays the same throughout the term of your mortgage however, your property taxes and your #homeinsurance may fluctuate over time. A mortgage consists of the principal + interest + property taxes+ home insurance (PITI). This beats a rent increase every year.?

2. More time to pay each month

Those?who have?a #mortgage are given more time to pay that mortgage as opposed to #renters. Most rent is due On the first of the month and late by the third. If the renter does not pay on time, they are assessed a late fee is usually pretty expensive. #Homeowners have an average of fifteen full days to make the mortgage payment, and if there is a penalty, it’s only a few dollars.

3. Equity to use as leverage?

#Homeowners,?as opposed to a renter,?have equity that your home has built over time. Over the last two years, homeowners have gained substantial equity in their homes. You can use this equity, which is the difference between the current value of the home and how much you owe, towards financing?another dream. As long as you keep your credit and your income together, you will be able to refinance and tap into that equity. There are two ways to tap into your equity 1: sell your home; 2. refinance.

So there you have it those are the top three benefits of owning a home that renters are not able to enjoy. If you are renting right now, it's more than possible that you can buy your home right now in this market. If the down payment is holding you back, call me I can help.??? 770-407-9674

Resources:

• Are you curious about your home’s value? Click here to get your FREE Equity Analysis report instantly: https://bit.ly/whatismyhomeworthdollar.
• Search properties for sale in your area. https://annetteorange.kw.com/?
• Search newly built homes for sale in your area: bit.ly/atlnewhomesforsale
• Interested in Rent to own? Click here to see if you qualify: https://www.divvyhomes.com/a/annettemorange
• Do you have a friend or family member moving to metro Atlanta? Email referrals to: [email protected]. Please include the name, phone #, and email of the referred person.