Renting is Good! Yeah I Said It

Renting is good.....I know this is not a common statement 

rent or buy

from a Woodbridge Mortgage Lender.  

But it is true, renting is good,  if you meet one of the following criteria:

  1. You are only in the area for a short period of time
  2. You enjoy paying someone else's mortgage
  3. You like the yearly rent increase without an increase in services or amenities.
  4. Rent in your area is cheaper than buying and you just can't afford a mortgage (In Woodbridge, VA rent is actually higher than mortgages based on recent affordability studies)
  5. You enjoy white boring walls with no chance to express yourself through decorating.  I recently had a client that wanted to buy a home, so she could paint her walls pink.  Not my favorite choice, but it's her own home and she is free to decorate as she sees fit.

 

If you don't fit any of the above criteria, then the time to buy a home is NOW.

Visit www.queenofmortgages.com for quick mortgage pre-approval and get ready to paint those walls orange, pink, or maybe green...

Worried can you afford it run our Rent vs. Buy calculator and see if renting is good.

Worried about your credit score....send us an email at markita@weststarmortgage.com with the subject line Get Mortgage Ready.

Or just pick up the phone and call 703-497-3936 for you rent versus buy consultation and plan.

Contact Markita Aldridge-Woods at (703) 929-2274 or via email for custom tailored mortgage solutions.

 

www.queenofmortgages.com

Let's stay connected:

Let's Connect!   LinkedIn  Twitter  My YouTube Channel...Tune in to Mortgage Queen TV  

Powered by Fairway Independent Mortgage, NMLS#2289, Equal Housing Lender

Comment balloon 8 commentsMarkita Woods NMLS#196099 • August 29 2012 07:34AM

Comments

Oooh, Markita, you hit 'em where it hurt. Good for you!  Way to get a point across!

Posted by Terri Poehler, Coral Springs Real Estate Agent (Realtor) over 6 years ago

Great blog Markita!

Posted by Cheryl Thomson REALTOR Army Ret, Associate Broker in Northern Virginia ( United Real Estate (703.216.5635) cheryltee47@gmail.com) over 6 years ago

KUDOS for telling it like it is...so many agents who only say BUY, BUY, BUY and missing the boat with working with INVESTORS because of the HOT rental market!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) over 6 years ago

Hey Terri sometimes the truth hurts!

Posted by Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA (Fairway Independent Mortgage) over 6 years ago

Thanks for stopping by Cheryl.

Posted by Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA (Fairway Independent Mortgage) over 6 years ago

Wallace that is a nice spin, Investors have to buy homes for people to rent.

Posted by Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA (Fairway Independent Mortgage) over 6 years ago

Hey Markita- great blog today! Today I just spoke with a incoming military personel. They know they will only be in the area for two years. Then it is smart to rent, unless you know you will return to DC at some point in your career. If that were a possibility, I beg you to speak with several others who have purchased homes and kept them as a rental in the Northern Virginia area. All these military bases keep the rental market strong here. Interest rates are historically low. Ask yourself, is renting the right thing to do? Talk to a good local loan officer like Markita who can coach you and guide you. Then call a good local REALTOR in the area you are looking to move to.

 

Posted by Peggy James, Woodbridge Virginia Area Real Estate Specialist (EXIT Realty Associates) over 6 years ago

Hi Markita. You hit a Home Run with this post. Renting is not for everyone, and have pointed out some nice reasons To Rent(LOL).

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) over 6 years ago

Participate