Should You Rent Out or Sell Your House?

Written by Jupiter Island Mortgage Syndicated User on August 1, 2024. Posted in For Sellers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy, Selling Tips.

Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?It’s a question many homeowners face, and the answer isn’t always straightforward. Whether you’re curious about the potential income from renting or worried about the responsibilities of being a landlord, there’s a lot to consider.Let’s walk through some key questions to ask to help you make the best decision for your situation.Is Your House a Good Fit for Renting?Even if...

Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on June 15, 2024. Posted in Equity, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

Some HighlightsAccording to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, connect with a real estate agent to talk about why homeownership can be a better bet in the long run.

Should I Rent or Buy a Home? [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on May 18, 2024. Posted in For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

Some HighlightsWhile renting may be less expensive in some areas right now, there are two big benefits homeownership provides that renting can’t. ?Owning a home means you get to say goodbye to rising rents and hello to stability. It also gives you the chance to gain equity as home values rise over time. If you’re ready to learn more about the perks of owning a home, connect with a local real estate agent.

The Perks of Buying over Renting

Written by Jupiter Island Mortgage Syndicated User on May 2, 2024. Posted in Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.1. Home Values Typically Go Up Over TimeThere’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up (see graph below):Using data from the Federal Reserve (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60 years....

Is It Better To Rent Than Buy a Home Right Now?

Written by Jupiter Island Mortgage Syndicated User on April 18, 2024. Posted in Buying Tips, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. And while that may be true in some markets if you just look at typical monthly payments, there’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity can have and why it’s worth considering as you make your decision.What the Headlines Are Based onThe graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare...

How Buying a Multi-Generational Home Helps with Affordability Today

Written by Jupiter Island Mortgage Syndicated User on October 18, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Rent vs. Buy.

In today’s world of rising housing costs, many buyers are looking for ways to still be able to buy a home. Some of them have found a solution in multi-generational living.Multi-generational living is when two or more adult generations live together under one roof. This includes siblings, parents, or even grandparents. Here’s an in-depth look at why more buyers are choosing this option today, so you can see if it may be right for you too.Reasons To Buy a Multi-Generational HomeAccording to a recent study by the National Association of Realtors (NAR), the top two reasons people are opting...

The Difference Between Renting and Buying a Home [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on October 14, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Rent vs. Buy.

Some HighlightsWhen deciding between buying a home or renting, think about these three important factors.Buying a home means avoiding rising rents, owning a tangible and valuable asset, and growing your wealth over time.If you’re ready to enjoy the advantages of owning a home, connect with a local real estate expert to discuss your options.

Growing Your Net Worth with Homeownership

Written by Jupiter Island Mortgage Syndicated User on October 13, 2023. Posted in Buying Myths, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of financial benefits.One of the many reasons to buy a home is that it’s a great way to build wealth and gain financial stability. That’s because the value of most homes increases over time, which in turn grows your net worth. Here’s how home values are rising right now. According to Zillow:“The total value of the U.S. housing market –...

Should Baby Boomers Buy or Rent After Selling Their Houses?

Written by Jupiter Island Mortgage Syndicated User on September 14, 2023. Posted in Baby Boomers, Buying Myths, Demographics, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead?That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you.Expect Rents to Keep Going...

Owning Your Home Helps You Build Wealth

Written by Jupiter Island Mortgage Syndicated User on July 21, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.Homeownership Builds Wealth Regardless of Income LevelYou may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):What makes wealth so much higher for homeowners? A recent...

Category: Rent vs. Buy