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Rent VS Own – Built in Saving Account for Principle payment

Joann Wong

Published 2 months ago

I have been reflecting on alot of recent conversations I've had with new clients who are currently renting.
Basically every conversation is that their rent continues to increase significantly.

So I thought I will prepare the topic of renting vs. buying even in this high rate market.

There's three ways to accumulate wealth with real estate.
First one is through principle you are paying toward your mortgage.

Breakdown of your mortgage payment consists of principle, interest, tax and insurance sometimes PMI.
it’s like having a built-in savings account .

http://www.JoannWongMortgage.com

National Rate Averages

Conf. 30Y Fixed

6.785%
0.06

FHA 30Y Fixed

6.481%
0.061

Jumbo 30Y Fixed

6.269%
-0.081

Rate averages are calculated from actual locked rates. Learn more.

Additional Resources

Rent VS Own – Built in Saving Account for Principle payment

Published 2 months ago

Joann Wong Mortgage Group

Company NMLS# 2101417

1440 Ridgecrest Street
Monterey Park, CA 91754
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