We live in California! The state with lots of sunshine, beautiful beaches, incredible mountains, the land of opportunity. But with that, comes high rents.
Did you know the average single family home in Hollister to rent right now is between $1,800 and $2,200 dollars per month? To rent a room in someone's house can be around $600! Ouch! With that being said, what are some of the most recent statistics out there regarding renting vs. owning? Here are a couple of cool charts:
My point, before you sign your next lease, speak to a reputable lender as you may be able to afford to buy a home. It is better to pay your own mortgage than your landlords. Sacrifice will be involved, but you can find the right program. There are 3 percent down programs, 3.5 percent down programs, 100 percent financing — there are lots of options available today.