As a mortgage loan officer, I often get asked the critical question: “Is it better to buy or rent in today’s market?” If you're eyeing a property in San Dimas, California, this decision can have a significant impact on your financial future. Today, let's break down a real-world scenario to help you make an informed choice.
Total Monthly Payment:$6,299
Buying:
Renting:
While renting may seem more affordable on a month-to-month basis, buying a home in San Dimas at $849,000 with the terms we’ve discussed can lead to substantial financial gains over the next 9 years. The key advantages of buying include building equity, gaining tax benefits, and protecting yourself against rent inflation.
Of course, homeownership also comes with responsibilities like maintenance costs and the risk of property value fluctuations. However, if you’re planning to stay in San Dimas for the long haul, buying could be a smart investment in your future.
If you’re ready to take the next step or need personalized advice, I’m here to help you navigate the mortgage process and make the best decision for your financial goals. Let’s get started on your path to homeownership!
David Delgado
NMLS# 349079 • Freedom Choice Lending
Office: (562) 281-6163
Click Here To schedule a 15 minute loan consultation
The terms are based on 6.379% APR.
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