[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f6tnqcs486txm":3,"$ffeh0925h8cuz":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},788,"renting-or-buying-either-way-youre-paying-a-mortgage","Renting or Buying… Either Way You’re Paying a Mortgage","There are some people who have not purchased homes 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 - \u003Cem>either yours or your landlord’s.\u003C\u002Fem>","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20145448\u002F20170327-Share-STM.jpg","There are some people who have not purchased homes 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 - \u003Cem>either yours or your landlord’s.\u003C\u002Fem>\u003C!--more-->\r\n\r\nAs \u003Cem>Entrepreneur Magazine, \u003C\u002Fem>a premier source for small business, \u003Ca href=\"https:\u002F\u002Fwww.entrepreneur.com\u002Farticle\u002F286196\">explained\u003C\u002Fa> this month in their article, “\u003Cem>12 Practical Steps to Getting Rich\u003C\u002Fem>”:\r\n\u003Cblockquote>“\u003Cem>While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but \u003Cstrong>by renting, you're paying someone else's mortgage. In effect, you're making someone else rich\u003C\u002Fstrong>\u003C\u002Fem>.”\u003C\u002Fblockquote>\r\nChristina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at \u003Cem>Freddie Mac,\u003C\u002Fem> explains another benefit of securing a mortgage vs. paying rent:\r\n\u003Cblockquote>\u003Cem>“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.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAs an owner, your mortgage payment is a form of \u003Cem>‘forced savings’ \u003C\u002Fem>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 with that equity.\r\n\r\nInterest 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. \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002F\">\u003Cem>Freddie Mac’s\u003C\u002Fem>\u003C\u002Fa> latest report shows that rates across the country were at 4.23% last week.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether 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.","\r\nWhether 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.",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up","2017-03-27T10:00:48Z","2017-03-23T12:22:18Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},787,"how-low-supply-high-demand-impacts-the-real-estate-market-infographic","How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC]","https:\u002F\u002F\u002F","2017-03-24T10:00:55Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},789,"millionaire-to-millennials-buy-now","Millionaire to Millennials: Buy Now!","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20152201\u002F20170328-Share-STM.jpg","2017-03-28T10:00:03Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[51,55,56,60,64,68,72,73,77,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":57,"name":58,"slug":59},6,"For Sellers","sellers",{"id":61,"name":62,"slug":63},7,"Foreclosures","foreclosures",{"id":65,"name":66,"slug":67},8,"Infographics","infographics",{"id":69,"name":70,"slug":71},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":25,"name":26,"slug":27},{"id":29,"name":30,"slug":31},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]