Mac Robinson

What’s cheaper: waiting or buying now?

The question really comes down to interest rates. Right now we’re still seeing really, really low-interest rates. But in the future, it’s a near guarantee that interest rates will rise.

And with a higher interest rate, you pay more to the bank and less on your principal (aka the part of your mortgage you have to pay down). You pay more on your mortgage with higher interest rates. That’s just the way of things.

So if you can lock in low-interest rates now, it can save you a lot of money over time.

Any questions? Send me a DM.

If you’re still renting because you think it will save you money… You might want to reconsider and fast. 😬

According to the 2019 Federal Reserve, the average homeowner has a net worth that’s 40 times MORE than the average renter.

That number is crazy. But it makes sense. A homeowner has wealth constantly building in their house thanks to equity.

So rather than having your hard-earned cash go to the landlord, start growing your net worth by owning a house.