[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f30m0asfpyjqd7":3,"$ffeh0925h8cuz":50,"$fbwk2pqjjqsc7":54},{"item":4,"previous":38,"next":44},{"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":36,"updatedAt":37},943,"renting-or-buyingeither-way-youre-paying-someones-mortgage","Renting or Buying…Either Way, You're Paying Someone's Mortgage","There are some people who have not purchased homes yet 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\u002F10\u002F26113701\u002F20171030-Share-STM1.jpg","There are some people who have not purchased homes yet 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> 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, \u003Cem>Senior Vice President\u003C\u002Fem> and head of the \u003Cem>Single-Family Sales & Relationship Management\u003C\u002Fem> 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\u002Fpmms\u002Fpmms_archives.html\">\u003Cem>Freddie Mac’s\u003C\u002Fem>\u003C\u002Fa> latest report shows that rates across the country were at 3.94% 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,[16,20,24,28,32],{"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",{"id":33,"name":34,"slug":35},53,"Rent vs. Buy","rent-vs-buy","2017-10-30T10:00:13Z","2017-10-26T13:00:23Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":14},942,"buying-a-home-can-be-scary-unless-you-know-the-facts-infographic","Buying a Home Can Be Scary... Unless You Know the Facts [INFOGRAPHIC] ","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F10\u002F23105314\u002F20171027-Share-STM.jpg","2017-10-27T10:00:22Z",{"id":45,"slug":46,"title":47,"featuredImage":48,"publishedAt":49,"contentType":10,"isVideo":14},944,"dont-let-fear-stop-you-from-applying-for-a-mortgage","Don't Let Fear Stop You from Applying for a Mortgage","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F10\u002F25094910\u002F20171030-Share-STM.jpg","2017-10-31T10:00:31Z",{"cover":51,"open":52,"shareSpread":53},"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",[55,59,60,64,68,72,76,77,81,82,83,87,91,95,99,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":61,"name":62,"slug":63},6,"For Sellers","sellers",{"id":65,"name":66,"slug":67},7,"Foreclosures","foreclosures",{"id":69,"name":70,"slug":71},8,"Infographics","infographics",{"id":73,"name":74,"slug":75},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":78,"name":79,"slug":80},34,"Senior Market","senior-market",{"id":25,"name":26,"slug":27},{"id":29,"name":30,"slug":31},{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":33,"name":34,"slug":35},{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]