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Buy Vs Rent Charlotte | Charlotte Real Estate, Homes & Lifestyle Blog

Tuesday, July 18, 2017   /   by Marketing Team

Why Buying a Charlotte Home is in Your Best Interest Today

Buy Your Charlotte Home Instead of Renting

Owning a Charlotte home has plenty of advantages, including the impact to your finances.  When you live in Charlotte, NC, you have access to everything you need whatever your lifestyle entails.  Make it that much more meaningful by buying a Charlotte home so you can reap these benefits:

Paying a mortgage is cheaper than renting.  In the first quarter of this year, the trend for home ownership was higher than renting for the first time since 2006.  This reversal from renting to owning has continued to benefit the housing market in 2017.  854,000 homebuyers from across the country saw just how affordable it was for a 30-year fixed rate mortgage over renting, and 42% of them were first-time buyers, making the national homeownership rate climb to 63.6%!  Currently, the interest rate is low at an average of 4.25%.  For renting to be the more affordable option, the interest rate would have to reach 9.1% ...

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