Virginia Gardner

Blog :: 07-2021

The Truths Young Homebuyers Need To Hear

The Truths Young Homebuyers Need To Hear | Simplifying The Market

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found:

  • 1 in 4 underestimated their buying potential by $150k or more
  • 1 in 4 underestimated the increase in value by $100k or more
  • 47% dont know what a good interest rate
[...]

Less to Own than to Rent

The question is "financially speaking, are you better off owning than renting in the long term?"

Renting a home has advantages. It is usually a short-term commitment from year to year and the landlord is responsible for the repairs.

Owning a home with today's low mortgage rates, the total house payment could easily be less than what the [...]

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