Renting vs. Owning Your Own Home

What are the advantages of giving up renting to become a homeowner? Eric Intihar, one of our preferred lenders, is here to answer that for you.

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Today we’re very excited to have Eric Intihar from U.S. Mortgage of Florida here to talk a little bit about the mortgage world and the benefits of owning a home. 

First, homeownership is key when trying to build a financial base. In fact, when the average person retires, 65% of their wealth is tied up in real estate. 

However, building a financial base isn't the only benefit to owning a home. It also allows you to be a part of a community, gets you a tax break, and increases your equity. Overall, a homeowner will do much better than a renter. 
The advantages of owning a home far outweigh the disadvantages.
It’s true that owning a home comes with more responsibilities like having to repair things yourself instead of calling the landlord, but the advantages of being able to become a part of a community and helping yourself get rich instead of your landlord far outweigh the disadvantages. 

Right now, it’s almost like the entire real estate market is on sale. Rates are historically low, so now is a great time to make the switch from renter to homeowner. 

If you have any questions for Eric, you can reach him at (954-448-9829).

As always, if you have any questions about real estate, please don’t hesitate to give me a call or send me an email. I’m always happy to help!