Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

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There are some people who have not purchased homes yet 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 yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich,”

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

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

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 3.94% last week.

Check out these open houses this weekend:

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11025 Jean Road Huntsville, AL 35803

$185,000 - 4Br/2Ba -  for Sale in Lily Flagg Acres, Huntsville
Open House
$185,000
4 Beds
2 Baths
1,728 SqFt
Status Active
MLS # 1105199
Property Type Single Family Detached
Totally remodeled Craftsman Rancher only mins from the new Grissom HS. 3 BD, 2 BA with additional 4th BD/ office/bonus room w/ large walk-in closet. Open floor plan includes kitchen, breakfast area, large living rm & sitting area.All new plumbing fixtures, light fixtures, plugs and switches. Efficient kitchen with new cabinets, custom free standing island, granite countertops and shiplap back splash.Lg laundry room with built in wall cabinets. New paint & flooring throughout. Exterior is painted brick, vinyl gables & sofit. Craftsman front entry with HardiShingle siding, cedar columns, fascia boards, porch & shutters. NEW roof & windows. Lg closets.3 outdoor buildings

1501 Glenwood Drive Huntsville, AL 35801

$325,000 - 3Br/2Ba -  for Sale in Montdale, Huntsville
Open House
$325,000
3 Beds
2 Baths
2,266 SqFt
Status Active
MLS # 1104863
Property Type Single Family Detached
Very DESIRABLE location - situated on a corner lot! CLOSE to just about EVERYTHING! Looking for MOVE IN ready? It's here! Gorgeous hardwood floors flow through this beautiful home. Neutral color palette awaits your CUSTOM touches. Stunning kitchen renovation will WOW the chef in you! Enjoy two SPACIOUS living spaces - one with gas log fireplace. Privacy fenced yard enhances the covered patio with extended dining/grilling space. The Master bedroom features an ensuite bath with granite vanity. LOOK to find the charming office nook - perfect for study space! Hall bath with built in vanity area - feel the history in this splendid ranch home. Situated on a corner lot.

128 Bur Oak Drive Madison, AL 35756

$330,000 - 4Br/4Ba -  for Sale in Village At Oakland Springs, Madison
Open House
$330,000
4 Beds
3.5 Baths
2,098 SqFt
Status Active
MLS # 1105170
Property Type Single Family Detached
Madison City Schools, better than new home! This craftsman style house would amaze you from the minute you walk inside. Features: Covered front porch, fabulous sight-lines from the foyer to the kitchen. Craftsman trim package will wow you! Main floor has 10' ceilings & 8' doors. Upgraded light fixtures & appliances. An open kitchen w/island, pantry, granite, subway tile, recess lights, & Wood floors in main living areas. Elegant dining room; Glamorous & isolated owners suite with double vanity, sitting area, trey ceiling, crown molding, tile shower & soaking tub. The plan offers large bonus room. The upstairs bedroom has a full bath. Walking trails & community lake.

1414 Bridgemill Avenue Triana, AL 35756

$298,578 - 4Br/4Ba -  for Sale in Bridge Mill Estates, Triana
Open House
$298,578
4 Beds
4 Baths
3,290 SqFt
Status Active
MLS # 1104839
Property Type Single Family Detached
The best of single level living w/the flexibility of a bonus room & bath upstairs. Upon entering from your covered front porch, the foyer opens to the dining room w/coffered ceiling, & a living room wh/could be transformed into a home office. You will love spending time in the eat in kitchen & family room wh/flow seamlessly together providing the perfect space to be with friends & family. As you find yourself cooking in your beautifully laid out kitchen everyone will congregate around the granite island. Retreat to your master suite & indulge yourself to a relaxing bath in the soaking tub. The other 3 bedrooms are on the other side of the home providing maximum privacy for your master suite!

8309 Stillwater Circle Huntsville, AL 35806

$233,039 - 4Br/3Ba -  for Sale in Anslee Farms, Huntsville
Open House
$233,039
4 Beds
3 Baths
2,228 SqFt
Status Active
MLS # 1104837
Property Type Single Family Detached
Welcome home! Through the front door & greeting area opens to a super open great room, kitchen & dining room. This open concept is the definition of togetherness. Off the great room is the Owners bedroom. The bay window opens up the room to design options & natural light. Owners bathroom is designed with space in mind. Separate soaking tub vanities & shower give everyone their own space. Continue through the bathroom to find a walk in closet with a window for more natural light. Two bedrooms & full bathroom are located in the back of the home. Up the stairs is the jewel of this home. A over sized bonus room & full bathroom give this home the option for another bedroom or man cave.

103 Stetson Drive Harvest, AL 35749

$209,900 - 4Br/3Ba -  for Sale in Wagon Wheel Village, Harvest
Open House
$209,900
4 Beds
2.5 Baths
2,500 SqFt
Status Active
MLS # 1104591
Property Type Single Family Detached
Handsome full brick ranch style home features 3 or 4 bedrooms. home is situated on .46 acre lot that will delight you with a large shady tree ready for a rope swing. This home grabs your attention with its manicured landscaping and curb appeal. Inside you will find, large living room for formal occasions as well as dining room. The kitchen is large and updated with a beautiful tile backsplash. You'll find the master suite that has plenty of room for your king sized bed and other furniture. family room has a 1/2 bath and could be used as a 4th bedroom. Super convenient to Research Park and RSA. Outside your ready to entertain, french door opening from the master bedroom and family room.

113 Gwinnett Drive Triana, AL 35756

$359,488 - 6Br/5Ba -  for Sale in Bridge Mill Estates, Triana
Open House
$359,488
6 Beds
5 Baths
4,316 SqFt
Status Active
MLS # 1104258
Property Type Single Family Detached
Welcome home to the Isabella III. Make a grand entrance into your 2 story Foyer opening to the Formal LR with bay windows & Formal DR w/a coffered ceiling . You will love spending time in the eat in kitchen & family room which flow seamlessly together providing the perfect space to be with friends & family. Your beautifully laid out kitchen has tons of storage space & everyone will congregate around the granite island creating the space for wonderful memories. Retreat to your huge master suite upstairs with a vaulted ceiling & separate sitting area & indulge yourself to a relaxing bath in the soaking tub and rejoice in the size of your closet! Endless opportunities for fun on the 3rd floor!

8130 Hillside Lane Se Huntsville, AL 35802

$270,000 - 5Br/3Ba -  for Sale in Willowbrook, Huntsville
Open House
$270,000
5 Beds
3 Baths
2,292 SqFt
Status Active
MLS # 1104203
Property Type Single Family Detached
Want to live on the golf course at Valley Hill? Want an in-ground swimming pool? Need 5 bedrooms, including one isolated bedroom with it's own en-suite bath? THEN THIS HOUSE IS FOR YOU! Boasting a HUGE Living Room/Dining Room combination, an oversize kitchen that opens to the 20x14 Family room, brand new carpet and vinyl, fresh paint thru-out, lots of crown molding, new appliances, CUSTOM BUILT cabinets and built-ins, and a backyard with mature trees made for privacy and entertaining, this home is a jewel! AND at almost 2300 square feet with a 635 sq foot garage PRICED WAY UNDER $300K! Make your own updates and enjoy! ROOF 2017. 2-10 HOME WARRANTY - HVAC Certified.

8350 Anslee Way Huntsville, AL 35806

$298,633 - 5Br/4Ba -  for Sale in Anslee Farms, Huntsville
Open House
$298,633
5 Beds
3.5 Baths
2,849 SqFt
Status Active
MLS # 1104237
Property Type Single Family Detached
The Lanier is a 5 bed/3.5 bath 2-story home. Enter into this impressive living, dining area with coffered ceiling, featuring highly detailed trim and columns, with half bath, off the living area. Continue into great room with open, contemporary concept living, eat-in kitchen with lots of cabinets and granite island. Great room/with fireplace leads to owners bedroom on main floor. This treyed ceiling bedroom adds space and natural light with a large bay window. Sophisticated, oversized shower and tub. Large owners closet leads to laundry room for easy access. Stairs lead to 2nd floor with 4 beds with one being able to be used as a media/bonus room. Pictures are not of actual home.

133 Bayard Place Madison, AL 35756

$405,276 - 5Br/5Ba -  for Sale in West Haven Estates, Madison
Open House
$405,276
5 Beds
4.5 Baths
3,913 SqFt
Status Active
MLS # 1104252
Property Type Single Family Detached
Rosemary II

7316 Se Destiny Drive Owens Cross Roads, AL 35763

$357,900 - 5Br/4Ba -  for Sale in Sanctuary Cove, Owens Cross Roads
Open House
$357,900
5 Beds
4 Baths
3,257 SqFt
Status Active
MLS # 1104141
Property Type Single Family Detached
Move in ready by early November! It features 8' high Mahogany front door, 5 bedrooms, 4 bths, study, and 3 car side entry garage! Gorgeous finishes in this home are a must see! Crown molding throughout, 60 craftsman style wainscoting in the dining, Natural Gas fireplace, 5 burner gas cooktop w/ wall mount oven & microwave. Spa master bath with a tile shower, frameless shower door, tile tub surround, granite countertops and custom mirrors. Be more than just another family in a massive neighborhood - Sanctuary Cove offers a cozy lifestyle, stunning views and quick access to some of the best amenities Owens Cross Roads & Hampton Cove have to offer. Life is better here!

7020 Camrose Lane Huntsville, AL 35806

$236,355 - 3Br/2Ba -  for Sale in Ashton Springs, Huntsville
Open House
$236,355
3 Beds
2 Baths
2,004 SqFt
Status Active
MLS # 1103922
Property Type Single Family Detached
This stunning 1 story rancher is perfect for everyone from first time home buyers to those looking for more manageable space. Via the lovely L shaped porch future home owners will enter into an illustrious foyer with a hallway connecting to two spare bedrooms on the left shortly upon entry. Take a few more steps and you see not only on the hallway entry to an additional bedroom, but also a spacious living area good for everything from a home theater to a family game room. Overlooking the living room is a duel kitchen and breakfast room perfecting for formal dining or just everyday breakfast meals. ending your journey is a thrilling walk down a final hallway to the illustrious master suite.

11210 Suncrest Drive Se Huntsville, AL 35803

$179,900 - 5Br/3Ba -  for Sale in Hillwood Estates, Huntsville
Open House
$179,900
5 Beds
3 Baths
2,102 SqFt
Status Active
MLS # 1103722
Property Type Single Family Detached
BEAUTIFUL PROPERTY LOCATED IN SOUTH HUNTSVILLE! 5 BEDROOM 3 BATH HOME THAT MEASURES OVER 2,000 SQFT AND HAS A GREAT OPEN LAYOUT THAT MAKES IT FEEL EVEN BIGGER! IT ALSO HAS A MASSIVE BACK DECK THAT WOULD BE GREAT FOR ENTERTAINING AND A FENCED IN BACK YARD. IF YOU'RE LOOKING FOR PLACE WITH A GREAT LOCATION AND PLENTY OF SPACE, THIS IS THE PLACE FOR YOU!

7090 Pale Dawn Place Owens Cross Roads, AL 35763

$459,900 - 5Br/5Ba -  for Sale in Hampton Ridge, Owens Cross Roads
Open House
$459,900
5 Beds
4.5 Baths
4,639 SqFt
Status Active
MLS # 1103431
Property Type Single Family Detached
NEW PRICE! Custom home in Hampton Ridge w gorgeous mountain views. Rich wood floors, exquisite trim package, plantation shutters, soaring ceilings, open-floor plan on large lot w deck, covered porches in front & back. Spacious family room with fireplace opens to beautifully landscaped backyard. Gourmet kitchen with custom cabinets, granite & stainless appliances. Master suite w lovely bathroom & large custom closet. 3 bedrooms upstairs w over-sized playroom/game room/media room plus a loft. Extra large BONUS or IN-LAW SUITE, 5th bedroom, bathroom, STORM SHELTER, storage room, exercise area in daylight basement. Enjoy all the amenities and being close to shopping, restaurants, and schools.

4948 Se Montauk Trail Owens Cross Roads, AL 35763

$189,900 - 3Br/3Ba -  for Sale in Carrington, Owens Cross Roads
Open House
$189,900
3 Beds
2.5 Baths
1,898 SqFt
Status Active
MLS # 1103322
Property Type Single Family Detached
100% Financing Available. Beautiful 3 Bedroom 3 Bath with HUGE walk-in closets in all bedrooms. This home features an open concept Living and Dining Room with Vaulted Ceilings. The Master Bedroom and Master Bath are located on the main level along with a Laundry room and Guest Bath. Upstairs Features an open Loft area that could be used as a second living room or play area. Upstairs also features 2 bedrooms with huge walk in closets and another full size Bathroom. Outside features an covered front porch and fenced in back yard. This home is located in the Goldsmith Schiffman and Hampton Cove Middle School district.

107 Rosemary Drive Madison, AL 35756

$339,900 - 5Br/3Ba -  for Sale in Brentwood Manor, Madison
Open House
$339,900
5 Beds
3 Baths
2,948 SqFt
Status Active
MLS # 1103213
Property Type Single Family Detached
A must see! We are now selling our gorgeous model home in Brentwood Manor! You'll love this great location just 2 miles from James Clemens High School! Featuring hand scrapped hardwoods and crown molding in all main living. Wainscoting in the dining and foyer. Flex room. Great kitchen with white cabinets, natural gas range, stainless steel appliances, granite, island and large island! Gas log fireplace with stone surround in the family room. Great owners suite with tile shower, soaker tub, his and hers vanities and walk in closet! Trey ceilings, granite in baths, laundry sink, covered porches, gutters, privacy fence, irrigation system, side entry garage and a corner lot! Visit today!

114 Pattiwood Drive Hazel Green, AL 35750

$155,000 - 3Br/3Ba -  for Sale in Aldine Acres, Hazel Green
Open House
$155,000
3 Beds
2.5 Baths
2,000 SqFt
Status Active
MLS # 1103039
Property Type Single Family Detached
Great opportunity with this three bed room 3 bath home with 2000 square feet of living space. Three car garage and Two storm shelters with one of them in the home.

539 West River Landing Blvd Madison, AL 35756

$322,099 - 4Br/4Ba -  for Sale in Pebble Creek At River Landing, Madison
Open House
$322,099
4 Beds
4 Baths
3,316 SqFt
Status Active
MLS # 1103064
Property Type Single Family Detached
The Wakefield II J Plan is perfect for those who prefer elegance and space. This 4 Bedroom/4 Bath with upstairs bonus features a sweeping great room and kitchen area with 5 hardwoods that is perfect for cooking while entertaining. The kitchen features Norris Grey cabinets and Quartz Lace White counters and island that has plenty of seating and storage space. The master suite provides a large private space with sitting area along with a connecting bathroom complete with double vanity, separate shower, soaking tub, and abundant storage space in the large walk in closet. Ready November 2018, please come visit model at 218 Winterbranch Rd to see this plan completed.