[:en]Stop Paying Your Landlord’s Mortgage![:es]¡Deje de pagar la hipoteca de su arrendador![:]

Stop Paying Your Landlord's Mortgage! | Simplifying The Market
[:en]There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s.

As The Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.  

That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Christina Boyle, a Senior Vice President, Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

The graph below shows the widening gap in net worth between a homeowner and a renter:

Increasing Gap in Family Wealth | Simplifying The Market

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are projected to climb.[:es]Hay algunas personas que no han comprado una casa porque están incómodos con tomar la obligación de una hipoteca. Todos deben darse cuenta que, a menos que usted esté viviendo con sus padres libres de alquiler, usted está pagando una hipoteca, sea su hipoteca o la de su arrendador.

Como explico un documento por the Joint Center for Housing Studies de la Universidad de Harvard:

“Los hogares deben gastar en vivienda sea que son dueños o que alquilan. Ni siquiera contando con el más favorable tratamiento fiscal de ser propietario, los propietarios pagan servicio de la deuda para pagar su propio principal mientras que los hogares que pagan alquiler pagan el principal de un arrendador más una tasa de regreso.

Esa es otra razón por la que ser propietario a menudo – como los estadounidenses intuyen – termina teniendo más sentido financiero que alquilar”.

Christina Boyle, Vice presidente de Head of Single-Family Sales & Relationship Management en Freddie Mac, Explico otro beneficio de asegurar una hipoteca vs. Pagar alquiler:

“Con una tasa hipotecaria fija a 30 años, usted tendrá la certeza y la estabilidad de saber cuál será su pago hipotecario para los próximos 30 años – a diferencia de los alquileres que continuarán aumentando durante las próximas tres décadas”.

Como dueño, el pago de la hipoteca es un ‘ahorro forzoso’ que le permite tener valor líquido en su casa que puede usar más adelante en su vida. Como arrendatario, usted garantiza que el arrendador es la persona con ese valor líquido.

La gráfica abajo muestra la brecha creciente en el patrimonio familiar entre un propietario y un inquilino:

Brecha creciente

En conclusión

Sea que usted está buscando por su residencia principal por primera vez o está pensando en una casa para las vacaciones en la costa, ser propietario podría tener más sentido que alquilar ya que el valor de las casas y las tasas de interés aún  están proyectadas a aumentar.[:]

[:en]Stop Paying Your Landlord’s Mortgage![:es]¡Deje de pagar la hipoteca de su arrendador![:]

Stop Paying Your Landlord's Mortgage! | Simplifying The Market

[:en]There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard ...

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[:en]Stop Paying Your Landlord’s Mortgage![:es]¡Deje de pagar la hipoteca de su arrendador![:]

Stop Paying Your Landlord's Mortgage! | Simplifying The Market

[:en]There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

As The Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.  

That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Christina Boyle, a Senior Vice President, Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

The graph below shows the widening gap in net worth between a homeowner and a renter:

Increasing Gap in Family Wealth | Simplifying The Market

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are projected to climb.[:es]Hay algunas personas que no han comprado una casa porque están incómodos con tomar la obligación de una hipoteca. Todos deben darse cuenta que, a menos que usted esté viviendo con sus padres libres de alquiler, usted está pagando una hipoteca, sea su hipoteca o la de su arrendador.

Como explico un documento por the Joint Center for Housing Studies de la Universidad de Harvard:

“Los hogares deben gastar en vivienda sea que son dueños o que alquilan. Ni siquiera contando con el más favorable tratamiento fiscal de ser propietario, los propietarios pagan servicio de la deuda para pagar su propio principal mientras que los hogares que pagan alquiler pagan el principal de un arrendador más una tasa de regreso.

Esa es otra razón por la que ser propietario a menudo – como los estadounidenses intuyen – termina teniendo más sentido financiero que alquilar”.

Christina Boyle, Vice presidente de Head of Single-Family Sales & Relationship Management en Freddie Mac, Explico otro beneficio de asegurar una hipoteca vs. Pagar alquiler:

“Con una tasa hipotecaria fija a 30 años, usted tendrá la certeza y la estabilidad de saber cuál será su pago hipotecario para los próximos 30 años – a diferencia de los alquileres que continuarán aumentando durante las próximas tres décadas”.

Como dueño, el pago de la hipoteca es un ‘ahorro forzoso’ que le permite tener valor líquido en su casa que puede usar más adelante en su vida. Como arrendatario, usted garantiza que el arrendador es la persona con ese valor líquido.

La gráfica abajo muestra la brecha creciente en el patrimonio familiar entre un propietario y un inquilino:

Brecha creciente

En conclusión

Sea que usted está buscando por su residencia principal por primera vez o está pensando en una casa para las vacaciones en la costa, ser propietario podría tener más sentido que alquilar ya que el valor de las casas y las tasas de interés aún  están proyectadas a aumentar.[:]

[:en]Stop Paying Your Landlord’s Mortgage![:es]¡Deje de pagar la hipoteca de su arrendador![:]

Stop Paying Your Landlord's Mortgage! | Simplifying The Market

[:en]There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard ...

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