There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s.
As a paper
from the Joint Center for Housing Studies
at Harvard University
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.
As an owner, the mortgage payment is a ‘forced savings’ which will allow you to have equity in your home you can tap into later in your life. As a renter, you guarantee the landlord is the person with that equity.
Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are still lower than projected.
Working with New Avenue Realty Click Here: http://youtu.be/pFer-gW9su0
“Either Way, You’re Paying a Mortgage.” Keeping Current Matters. N.p., 12 Feb. 2015. Web. 12 Feb. 2015.
|Neighborhood Entrance – Vista Ridge Estates Homes for Sale, Lewisville Texas 75067
Are you ready to find the perfect home with access to major highways in the DFW metroplex? Ready to move up but need to sell your home first? Look no further than New Avenue Realty to help you find your next home in. You can request a personal home valuation to see the market value of your home.
This exclusive neighborhood of Vista Ridge Estates Homes for Sale in Lewisville were built in the late 1990s with the following home builders: Engle Homes Texas, Weekley Homes, and Eagle Homes. Vista Ridge Estates is a top notch neighborhood in Lewisville. Homes in 3 to 4 bedrooms with 2 car garages. The neighborhood is constructed with different elevations on one story to two story homes. Home sizes average around 2400 sq ft. The average home price in Vista Ridge Estates is around $250,000 varying on home size and age.
Local Schools Serving Vista Ridge Estates
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Vista Ridge Estates Homes for Sale in Lewisville Texas is convenient to major shopping, with Vista Ridge Mall just a mile away; is easily accessible from Interstate 35E and State Highway 121; and is just minutes away from DFW International Airport. Located behind the neighborhood is a Wal-Mart Supercenter. With neighboring cities like Coppell to the south, Carrollton to the southeast, and The Colony to the east, these cities are minutes away with a short drive on highway 121.
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