As depicted by the diagram, the price of rent and the number of individuals who have been renting out a place to live has been increasing continuously since 1988. What does this mean for you?
If you are currently renting out a place, you need to ask yourself the following question…whose mortgage do you want to pay for? Do you want to continue paying your landlord’s mortgage or would you rather invest in your future and pay off your own?
The answer shouldn’t be hard to formulate. The best course of action would be to begin paying off your own mortgage so your house becomes an asset for you. You do not want to be stuck paying rent for the rest of your life!
Before interest rates and property prices continue to rise, now is the time to make this great investment for your future. Contact Kevin Shin & Team to find a home in Rancho Cucamonga or the surrounding cities and start paying off your own mortgage.
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