To Rent Or To Buy, That Is The Question
If you are currently renting, you might be wondering about the advantages of buying your own home.
Renting can be a great solution in many circumstances as it gives you the freedom to up sticks and relocate at the drop of a hat.
However, if you find that you are thinking more and more about your long-term future, it may be time to consider buying your first home.
Living in your own home doesn’t just mean no longer having to deal with an unreliable landlord and the constant risk of having your house sold from under you.
As a homeowner you truly become the master of your domain as you gain the power to change any aspect of your home to improve your quality of life, whether that means planting a tree in the backyard or completely changing the colour scheme of the kitchen.
And in the meantime you will be growing your equity as you pay off your mortgage, which means that as you own more and more of your house, your borrowing capacity will increase.
This can allow you to fund home improvements, purchase a better second home or enter the property investment market.
A good place to start is to find out more about home loans and which solution is best for your needs.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.