Renting or Buying in Redding?

There are some renters in Shasta County who have not yet 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 yours or your landlord’s.

Cost of renting has, and will continue to increase, as you can see in the chart below. However, as an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.

Bottom Line
This holiday season, why not give yourself the gift of home-ownership? Lock in your housing costs for the next 30 years and guarantee that you are the one building wealth.

Visit our Buying or Selling pages for more helpful information, and as always feel free to contact me at 530-222-3800.

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