The Secret to Fighting Inflation

Stabilize Your Monthly Expenses with Homeownership

With the real estate market in a state of flux, many people are looking for ways to protect themselves financially. A recent survey from Realtor.com showed that 72% of landlords plan to raise the rent on one or more of their properties in the next year. Fortunately, there is a way to stabilize your monthly expenses and avoid the danger of rising rents: homeownership with a fixed-rate mortgage.

Advantages of Homeownership
Owning your own home is a great way to gain financial stability and security. When you purchase a home with a fixed-rate mortgage, you can lock in what’s likely your largest payment—your mortgage loan—for the life of the loan. This helps stabilize your monthly expenses and gives you peace of mind knowing that your payments won’t fluctuate due to factors out of your control, such as rent increases by landlords. Additionally, owning your own home puts you in control, not your landlord. You can make changes to suit your needs without having to worry about getting permission from someone else first.

Benefits of Fixed-Rate Mortgages
Fixed-rate mortgages are an important part of homeownership because they allow you to lock in low-interest rates for the life of the loan—usually 15 or 30 years—and guarantee that your monthly payments will stay consistent throughout that time frame. This makes it easier for potential buyers who may be on tight budgets because they know exactly what their payments will be each month and can more easily budget for them accordingly. It also ensures that if interest rates rise over time, as they often do, you won’t have to pay more than what was originally agreed upon when securing the loan.

Conclusion:
Protecting yourself financially has never been more important than it is now. The good news is that homeownership with a fixed-rate mortgage can provide much-needed stability when it comes to one’s largest payment: their mortgage loan. With fixed-rate mortgages, potential buyers can secure decent interest rates and count on predictable monthly payments throughout the life of their loan—all while avoiding the risk associated with rent increases due to outside factors like inflation or market instability. Homeownership puts you in control, not your landlord; so don’t let fear over rising rents discourage you from investing in yourself and achieving financial security!

Contact Truen Group by Laurie Dick