As an experienced Owings Mills mortgage lender, I am proud to have helped countless individuals and families accomplish their dreams of affordable home ownership.

Throughout my experience, I have come across clients with a number of different reasons for finally making the decision to purchase their own home.

If you are currently renting, and you are trying to make the tough decision between continuing to rent and actually purchasing a home, consider these top reasons for buying a home.

One of the highest reasons on the list is equity. The reason equity is so high on the list is because money is usually the most important part of the equation.

While in some cases, a monthly mortgage payment may be slightly more than you are paying in rent, by purchasing a home you are making an investment. You are investing in your future and the future of your family, instead of paying off someone else’s mortgage.

The monthly mortgage payments you are making to own your home will help you continue to build equity over time. If you are in a fixed-rate mortgage, your monthly payments will also be more predictable than rent, which can change from year to year.

This predictability can provide you with a better sense of financial security and stability and the peace of mind that comes with being able to accurately plan your finances into the future.

Staying in one place for several years provides another sense of stability, especially for young children. This will allow you and your family to build stronger ties with the community you are living in and help you create fond childhood memories for your children.

Another great reason to purchase your own home is the freedom that is allowed to you as a homeowner. You can decide what color to paint the walls, where you want to hang curtain rods and picture frames, and how you want your garden to be designed.

These are just a few of the great benefits that come with purchasing a home.

Making the decision to buy doesn’t get much easier than when the economy is looking so good and the national and local Owings Mills mortgage rates are still great.

If you are interested in purchasing a home or would like some more information to help you make the decision to stop paying for someone else’s home, give me a call at (443) 471-4310. I can’t wait to help you save on your home ownership dreams!

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