The national statistics are in owning a home versus renting a home nationally. The percent of income spent on mortgage payments versus rental payments across the nation is 29.8% paying rent and 15.1% own a home with a mortgage indicated in the fourth quarter of 2015.
People are spending almost double the amount renting than they would if they were buying. There are now more affordable mortgage programs available for homebuyers such as the Home Ready & Home Possible, programs with lower down payments options. 3% down can get a renter into their own home. This is the buying season. Huge opportunity for people!
Call or text JoAnn Young 321-243-4917 for more information. Email me at JoAnn@MyFLDreamHome.com