As your local Mortgage Choice Broker for Alstonville, Ballina and Lismore I’m often asked about buying versus renting.
The decision has to be the client’s but there are definitely a number of factors to consider when deciding what is right for you and your own lifestyle needs.
Buying your first home can create a path to your future wealth. Many people who choose to rent see the financial benefits in saving money on housing expenses which can then be invested elsewhere.
The problem with this theory is that some people lack the discipline to save the extra money. The person who buys the home is in some ways going through ‘forced savings’ as they have no choice but to make mortgage repayments.
As your local Mortgage Choice home loan expert servicing Northern Rivers. I can help you calculate what potential loan repayments are and compare them with what you are paying in rent.
My home loan service is no charge to you and I will do all the legwork and search hundreds of loans to find one that is right for you.
I can come to you at a time and location that is convenient. Call me on 0432621131