Rent vs. Buy | | Cape San Blas Mortgage | Cape San Blas Mortgage Rates

The Truth About Down Payments (It’s Not What You Think)

Written by Cape San Blas Mortgage Syndicated User on August 5, 2025. Posted in Affordability, Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers, Rent vs. Buy.

Buying a home is exciting… until you start thinking about the down payment. That’s when the worry can set in.“I’ll never save enough.”“I need a small fortune just to get started.”“I guess I’ll just rent forever.”Sound familiar? You’re not alone. And you’re definitely not out of luck.Here’s the thing: a lot of what you’ve heard about down payments just isn’t true. And once you know the facts, you might realize you’re a lot closer to owning a home than you think.Let’s break it all down and bust some big down payment myths while we’re at it.Myth 1: “I need to come up with a big down...

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Why a Newly Built Home Might Be the Move Right Now

Written by Cape San Blas Mortgage Syndicated User on July 18, 2025. Posted in Affordability, Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers, Home Prices, Inventory, Mortgage Rates, Move-Up, New Construction, Rent vs. Buy.

Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why.There are more brand-new homes available right now than there were even just a few months ago. According to the most recent data from the Census and the National Association of Realtors (NAR), roughly 1 in 5 homes for sale right now is new construction. So, if you’re not looking at newly built homes, you’re missing out on a big portion of what’s...

Why Homeownership Is Going To Be Worth It

Written by Cape San Blas Mortgage Syndicated User on June 24, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers, Rent vs. Buy.

Life can feel a bit unpredictable these days. What’s happening with inflation? The economy? The housing market? But in the middle of all that uncertainty, there’s one thing a lot of people still crave – a place to call their own.Because when everything else feels up in the air, home can be the thing that grounds you. As the experts at 1000WATT put it:“Homeownership isn’t primarily financial anymore. . . Across all demographics, emotional and lifestyle factors consistently outrank wealth-building as motivators.”Here’s what owning a home can mean for you, especially right now.Freedom To Make...

Is It Better To Rent or Buy a Home?

Written by Cape San Blas Mortgage Syndicated User on May 30, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers, Rent vs. Buy.

You’ve probably asked yourself lately: Is it even worth trying to buy a home right now?With high home prices and stubborn mortgage rates, renting can seem like the safer choice right now. Or maybe your only choice. That’s a very real feeling. And perhaps buying today isn’t your best move; it’s not for everyone right away. You should only buy a home when you’re ready and able to do it, and if the timing is right for you.But here’s the thing you need to know about renting.While it may feel like a safer bet today – and in some areas might even be less expensive month-to-month than owning – it...

Is It Better To Rent or Buy a Home Today?

Written by Cape San Blas Mortgage Syndicated User on March 1, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Infographics, Rent vs. Buy.

Some HighlightsA study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.?Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise. While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?

Buying a Home May Help Shield You from Inflation

Written by Cape San Blas Mortgage Syndicated User on February 19, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Home Prices, Rent vs. Buy.

It feels like everything is getting more expensive these days. That’s because inflation has remained higher than normal for longer than expected – and that’s impacting the costs of goods, services, and more. And with rising costs all around you, you’re probably questioning: is now really the right time to buy a home?Here’s the good news. Owning a home is actually one of the best ways to protect yourself from the rising costs that come with inflation.A Fixed Mortgage Protects You from Rising Housing CostsOne of the key benefits of homeownership is that when you buy a home with a fixed-rate...

The Big Difference Between Renter and Homeowner Net Worth

Written by Cape San Blas Mortgage Syndicated User on November 16, 2024. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Equity, Infographics, Rent vs. Buy.

Some HighlightsIf you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s. Connect with an agent if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.

Renting vs. Buying: The Net Worth Gap You Need To See

Written by Cape San Blas Mortgage Syndicated User on November 8, 2024. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Rent vs. Buy.

Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth.Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – and the difference is significant.On average, a homeowner’s net worth is nearly 40 times higher than a renter’s. Check out the graph below to see the difference for yourself:Why Homeowner Wealth Is So HighIn the previous version of that report, the average homeowner’s net worth was...

Buying Beats Renting in These Top Cities

Written by Cape San Blas Mortgage Syndicated User on October 12, 2024. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Infographics, Rent vs. Buy.

Some HighlightsBased on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.Make sure you work with a pro who can help you crunch the numbers and see how your city stacks up. This may be your opportunity to forget renting for good. If you want to see which option makes the most sense in your area, connect with a local agent.

Should You Rent Out or Sell Your House?

Written by Cape San Blas Mortgage Syndicated User on August 1, 2024. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Sellers, 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...

Category: Rent vs. Buy