Homeowners More Comfortable Financially Than Renters

Freddie Mac just came out with a survey in which they asked people whether or not they were financially comfortable. The results may surprise you.

The definition of financial comfort was “having extra money to go beyond each payday and spend money on things they want.” Being able to pay your bills and still have some walking around money is what it’s all about.

A surprising 38% of renters consider themselves financially comfortable while 62% of homeowners did.

That’s a pretty big disparity.

A lot of people out there think, “I’m not sure I want to buy a house because I’ll feel like a slave to the mortgage.” Actually, it’s just the opposite.

It’s not Realtors saying this folks, it’s Freddie Mac, it’s their survey.

Christina Boyle, SVP at Freddie Mac said it best.

We’ve been through this before. There are reasons to buy instead of renting. Home prices have stabilized while rent prices are going through the roof.

If you’re looking for some guidance and wondering whether you should sign a lease or a contract to purchase, please contact a professional Realtor. The Kombrink Lobrillo Team at RE/MAX Great American North can explain the pro’s and con’s and aide you in making the best decision for your family. Give them a call today at (630) 488-3300.