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.
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.