Collins House for Sale-REDUCTION

2411 Highway 49 Collins , MS 39428 $299,900

Beautiful 4 bedroom, 3 bath on 10 AC (MOL). Separate formal dining, brick flooring and fireplace. Seminary schools.

Call Crye-Leike Signature One Realty for additional information.

Whose Mortgage Are You Paying?

Either Way, You’re Paying a Mortgage

by The KCM Crew on February 12, 2015 in First Time Homebuyers, For Buyers

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s.

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.

As an owner, the mortgage payment is a ‘forced savings’ which will allow you to have equity in your home you can tap into later in your life. As a renter, you guarantee the landlord is the person with that equity.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are still lower than projected.

Buying

Petal Real Estate- REDUCTION

200 Albert St. Petal, MS 39465 $77,500

Cute and sunny 3/2 home in the Petal school district. Great features such as wood floors and plenty of natural light.

Call for your showing today!

Buying

Hattiesburg Real Estate- NEW LISTING

000 HWY 98 Hattiesburg, MS 39402 $989,000

Location, location, location! 1.66 acres of prime commercial property located near the corner of HWY 98 & Hegwood Rd. Approximately 234 feet of HWY 98 road frontage as well as a possible 30 ft wide right of way/easement allowing access to Hegwood Rd along the rear of the adjoining property.

Call Crye-Leike Signature One Realty for additional information today!

Buying

Hattiesburg Real Estate-NEW LISTING

107 Woodhaven Cir. Hattiesburg, MS 39402 $208,500

Conveniently located with spacious living areas. Beautiful pergola on the back patio makes entertaining a delight. Mother-in-law suite ideal for live-in parent or older child.