San Diego, California

Rent or Buy: Either Way Youā€™re Paying a MortgagešŸ”There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage ā€“ either yours or your landlordā€™s.
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With home prices rising, many renters are concerned about their house-buying power. Although mortgage rates are expected to rise, they are still low by historic standards, and real household incomes are the highest they have ever been. .
As an owner, your mortgage payment is a form of ā€˜forced savingsā€™ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.
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Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Macā€™s latest report shows that rates across the country were at 4.51% last week.
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Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.
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For local info and rates in your neighborhood, reach out to me and I can assist.
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Heather Rynearson
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Realtor
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Century 21 AWARD
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hrynearson@century21award.com
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DRE#01985904 #sandiego #downtownsd #sandiegolocals #sandiegocounty #sandiegoca – posted by heathersellssandiego

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Location: San Diego, California