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Making the Decision to Stop Renting

Eppraisal

If you've been able to save for a larger down payment, you may qualify for a lower interest rate and you won't have to pay private mortgage insurance (PMI) if you're able to put 20% down on a conventional loan. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home.

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Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

Landlord pays for maintenance. Landlord might sell or decide to stop renting. Home value may increase over time. Sense of home stability/permanence. Home value may decrease. That said, just because you can afford a mortgage payment doesn’t mean you can afford a home; expenses add up.

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The Complete Guide to Buying a Home After College

Raleigh Realty

Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments. The difference between the home's value and what is left in your mortgage is the equity. In other words, if your home is worth $100,000 and you have $60,000 remaining in your mortgage, you have $40,000 worth of equity.

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022.

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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . That includes rentals owned by so-called mom-and-pop landlords — with 10 or fewer properties.

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