Here’s Why It’s Better to Own a Home Than to Rent. » Mortgage Masters Group

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Mortgage lenders are getting creative to keep rates low, but here’s why homebuyers should beware By chasing those five extra basis points, buyers could be putting themselves at risk of having to.

GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.

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According to the Urban Institute, more than 26.9 million Americans own their home outright. Some bought their homes with cash, while others whittled away at.

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People in North America generally think that it is much better to buy a house or condo rather than rent one-and they have good reason for thinking this. In most markets, home prices generally rise around 4% each year. So if you buy a home for $250,000 and put 5% down, you will invest $12,500 of your own money.

Here’s Why It’s Better to Own a Home Than to Rent Renting certainly has its benefits, but here’s the case for owning instead.

mortgage Mortgage application volume decreased 1.1% last week from the previous week, according to the mortgage bankers association. volume was 36% higher compared than a year earlier, thanks to stronger.

Renting vs. Buying a Home: Things to Think About. Excerpted from FDIC Consumer News. With housing prices still low in many areas and a favorable mortgage-rate environment, people who don’t own their home may be thinking about buying instead of renting.

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