Welcome to Mortgage Guide
Regions Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Mortgage Loa Versus Renting
from: Deb St. George - HomelessInKingCounty.comThere is a big debate these days whether it even pays to take out a mortgage loan or if renting ends up being cheaper. Since most people can’t buy a house outright with cash, and depend on getting a mortgage loa, there are some reasons that might make renting more attractive in the short-term. However, if you are looking for stability, a way to build wealth and a home you can call your own – a mortgage loa is the way to go.
The Benefits of Renting
Renting allows a certain mobility in your lifestyle. You sign a lease for a particular timeframe, and if you have to move you can still leave by paying a penalty. On the other hand, if you own your home, you can’t get out of your mortgage simply by moving. You have to sell the house and that can be a problem if your job takes you to many places. If you are very mobile, it’s difficult to make up the 6% you will have to pay the real estate agent to sell your home.
You do have fewer maintenance issues when you rent. If something breaks, you just call the landlord. A mortgage loa does not cover the monthly expenses of maintenance and they can cost a lot. If your roof needs to be replaced, you will spend in the thousands of dollars. However, if you rent the maintenance and appliances are taken care of by the leasing company.
The Benefits of a Mortgage Loa
While these types of benefits for renting are huge, there can be even bigger rewards for buying. When you rent, all of the money you spend for rent is not tax-deductible and does not serve to build up equity for you. In that sense, rent can be like throwing your money away. If you buy, you can find ways to generate equity and use the interest on the home mortgage loa payments as a tax write-off too. This can put you in a lower tax bracket and easily save you thousands, on top of the thousands you make in equity in a rising market.
There are many different types of mortgage loans out there. You can get an adjustable rate mortgage loa or a fixed rate mortgage. Often, the payments you make on a mortgage can be less than what you would pay for an apartment. However, this all depends on the housing market. Right now, there are some markets where rentals are cheaper than buying, so be sure to check your local market to find out which is best for you.
Regions Mortgage News
St. Clair County sues banks for allegedly avoiding property recording fees - STLtoday.com
 KSDK | St. Clair County sues banks for allegedly avoiding property recording fees STLtoday.com The suit, in St. Clair County Circuit Court, says the banks created a database company, called Mortgage Electronic Registration Systems, which enabled them to avoid the payment of fees to the county's recorder of deeds by having MERS assume the ... St. Clair County sues 22 banks, claiming they evaded fees and filing requirements St. Clair County sues banks over "shadowy" mortgage database St. Clair County State's attorney, Recorder sue banks over mortgage transfers |
London Home Prices May Reach New Record on Haven Status: Economy - San Francisco Chronicle
 Finance Markets | London Home Prices May Reach New Record on Haven Status: Economy San Francisco Chronicle London led the increase among the regions that showed gains. 'Uncertain' Outlook In a separate report today, the Council of Mortgage Lenders said UK gross mortgage lending dropped 19 percent to 10.2 billion pounds in April. Rightmove said it's a "cause ... Rightmove reports property downsizing trend More people wanting to downsize property Rightmove: Baby boomers downsizing driving property market |
Mortgage Principal Reductions Weighed for Fannie, Freddie - Bloomberg
 Bloomberg | Mortgage Principal Reductions Weighed for Fannie, Freddie Bloomberg ... regions that have seen the worst housing-market declines, the person said. Because the government will bear the full costs of the California program, mortgages backed by the two government- sponsored enterprises will be eligible for the first time. |
Wisconsin Realtors Association: Both home sales and prices rise in April - Wisbusiness.com
Wisconsin Realtors Association: Both home sales and prices rise in April Wisbusiness.com He pointed out that all regions of the state saw their home sales rise by sizeable margins in April. Specifically, existing home sales rose 30.3 percent in the Southeast region of the state, followed by the Central, North and West regions, ... |
Cameron's Cuts Widening North-South UK Wealth Rift: Mortgages - BusinessWeek
Cameron's Cuts Widening North-South UK Wealth Rift: Mortgages BusinessWeek Northern parts of the UK accounted for about 60 percent of the rise in total mortgage arrears from the second quarter of 2010 to the end of 2011, S&P said its report. About 8.5 percent of mortgage borrowers in northern regions were in negative equity, ... |
Pensioners own £743bn in property - Mortgage Introducer
 Mortgage Introducer | Pensioners own £743bn in property Mortgage Introducer Figures from Key Retirement Solutions also revealed that just four regions out of the 11 covered saw increases with seven suffering declines. Over 65 homeowners in Scotland and Wales were the biggest losers seeing average loses of £11946 and £5334 with ... |
Public records for May 19 - Bradenton Herald
 Bradenton Herald | Public records for May 19 Bradenton Herald Wendy A. Moore et al (mortgage foreclosure) Wells Fargo Bank NA vs. David B. Vandyke et al (mortgage foreclosure) Bank of America NA et al vs. Mario Cabrera et al (mortgage foreclosure) Regions Bank vs. Mitchell J. Leslie (mortgage foreclosure) Wells ... |