North Orange County Real Estate

Written by Stacy Chbosky
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Renting an apartment or house is a terrible waste of money. If you still rent, you should stop renting and buy a home as quickly as possible. Unfortunately, many renters allow inertia to set in. Instead of saving up for a down payment, or actively seeking out inexpensive, starter homes, they contentedly throw their money away each and every month in the form of rent.

You may have heard that monthly rent is often comparable in price to monthly mortgage payments. Although the amount you pay each month to your landlord or to your money lender may be comparable in price, they are fundamentally different from each other. When you pay mortgage, you are paying off a loan. In a roundabout way, you are paying money toward yourself. After all, each mortgage payment improves your equity and your borrowing power, and puts you once step closer toward owning your home free and clear.

North Orange County Real Estate and Smart Buyers

If you are a first-time buyer, the best thing you can do is educate yourself. The more you know, the quicker you'll be able to buy a home. Owning a home should be a goal for every person in their 20s, and an imperative for every person in their 30s. Educating yourself about home-buying will not only teach you important tips and tricks, it will inspire you toward active house hunting.

One of the easiest ways to educate yourself is through a really good North Orange County real estate agency. Many of these agencies have excellent websites, which are chock-full of great information. If offered, sign up for the monthly or weekly newsletter, and order any bonus information online. It's a free, simple way to start learning the ins and outs of real estate buying.


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