Renting is Good! Yeah I Said It

By
Mortgage and Lending with American Financial Network NMLS #196099
https://activerain.com/droplet/GZw

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.

close

Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Wallace S. Gibson, CPM 08/29/2012 12:48 AM
  2. Peggy James 08/29/2012 06:29 AM
Topic:
Home Buying
Location:
Virginia Prince William County Woodbridge
Groups:
Local Expert
Responsible Mortgage Lenders
Women And Their Business Hear The Roar
VIRGINIA
Military Relocations
Tags:
renting versus buying
renting in woodbridge
mortgage pre approval
woodbridge mortgage lender

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Rainmaker
373,949
Terri Poehler
Realtor - Coral Springs, FL
Coral Springs Real Estate Agent

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

Aug 29, 2012 12:37 AM #1
Rainer
208,817
Cheryl Thomson REALTOR Army Ret
United Real Estate (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Great blog Markita!

Aug 29, 2012 12:39 AM #2
Rainmaker
1,275,994
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

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!

Aug 29, 2012 12:48 AM #3
Rainmaker
147,780
Markita Woods NMLS#196099
American Financial Network - Woodbridge, VA
Queen of Mortgages - FHA, VA, Conventional, USDA

Hey Terri sometimes the truth hurts!

Aug 29, 2012 03:05 AM #4
Rainmaker
147,780
Markita Woods NMLS#196099
American Financial Network - Woodbridge, VA
Queen of Mortgages - FHA, VA, Conventional, USDA

Thanks for stopping by Cheryl.

Aug 29, 2012 03:06 AM #5
Rainmaker
147,780
Markita Woods NMLS#196099
American Financial Network - Woodbridge, VA
Queen of Mortgages - FHA, VA, Conventional, USDA

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

Aug 29, 2012 03:07 AM #6
Rainmaker
530,293
Peggy James
EXIT Realty Associates - Woodbridge, VA
Woodbridge Virginia Area Real Estate Specialist

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.

 

Aug 29, 2012 06:27 AM #7
Ambassador
1,189,094
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

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).

Aug 29, 2012 07:48 AM #8
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Rainmaker
147,780

Markita Woods NMLS#196099

Queen of Mortgages - FHA, VA, Conventional, USDA
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