mortgage simple definition: Renting Vs Buying: A House

Renting Vs Buying: A House

Renting Vs Buying: A House. More Wise To Rent Or Have A Mortgage?

Renting Vs Buying: A House video duration 9 Minute(s) 20 Second(s), published by Property Queens on 22 01 2019 - 20:00:03.

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Mortgage vs rent, this video will help you to take the right decision
So I will discuss here the real costs and benefits of taking a mortgage and buy a home vs rent . Some people will say that it's better to rent than to buy a house and have a mortgage
Other people will say otherwise
I say you can consider both
In today's .

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Shannon Carter- Real Estate Agent & Investor
Exp Realty
Office: 888-513-5113 ext 329
Website: http://ListedinNashville.com
Email: Shannon.PropertyQueens@gmail.com
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Jackie Hurtis- Residential Mortgage Lender
Website: http://JackieHurtis.com
Email: Jackie.PropertyQueens@gmail.com
Facebook: https://www.facebook.com/JackieHurtis.

Sasha Qualkenbush- Attorney/ Title Company
Website: http://TennesseeTitle.com
Email: Sasha.PropertyQueens@gmail.com

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Video Editor: Christian Gilliam @ChristianGilliam14

Renting Vs. Buying a House:

Renting Pros:
Pro 1: You Can Have Bad Credit
Pro 2: Not Tied Down To a Mortgage
Pro 3: No Maintenance Costs
Pro 4: If Market Depreciates it doesn't affect you

Renting Cons:

Con 1: Rent is generally Higher than a Mortgage
Con 2: You're Not Building Equity or Owning an Asset
Con 3: Restrictions on Pets
Con 4: Rent Could Rise at any time
Con 5: Owners Can Sell & Ask you to Leave
Con 6: Full Disclosure

Buying Pros:

Pro 1: You are Building Equity
Pro 2: Benefit if Market Appreciates
Pro 3: Creative Control: Renovations and on Pets
Pro 4: Can Turn it into an Asset

Buying Cons:

Con 1: Secondary Costs: Maintenance, Taxes, HOA, and Insurance
Con 2: If Market Depreciates it Affects you
Con 3: Must Qualify w/ income, credit, and money for down payment
Con 4: Tied Down to a Mortgage

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