© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - As Rents Rise, Vanderbilt Mortgage Highlights Benefits of Homeownership
Posted 27th August 2015

As Rents Rise, Vanderbilt Mortgage Highlights Benefits of Homeownership

National manufactured home lender provides customers with analysis of renting vs. buying

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

As Rents Rise, Vanderbilt Mortgage Highlights Benefits of Homeownership

As Rents Rise, Vanderbilt Mortgage Highlights Benefits of Homeownership

Image

As the housing bubble burst during the Great Recession, millions of homeowners moved out of homes and into rental properties. As demand for rental housing began to skyrocket, so did the cost of renting. The country’s economic situation has improved greatly since 2008, but even as the economy recovers rent prices have remained high. In fact, the Out of Reach 2015 study by the National Low Income Housing Coalition indicates that there is a shortage of reasonably priced rental housing and rapidly rising rents have outpaced wages.

“While renting provides certain benefits, the cost of rent has risen so dramatically that many people are priced out of enjoying those benefits,” said Eric Hamilton, President of Vanderbilt Mortgage and Finance, Inc. “One thing people may not realise is that sometimes owning your own home can be less expensive than renting.”

There are several reasons why one might prefer to rent. Renting offers flexibility for moving, since most people typically sign leases with terms of one year. There is typically less maintenance involved, since maintenance is usually performed by the landlord. However, owning a home also has several great benefits, such as:

Ownership, when renting, 100% of the rent payment goes straight to the landlord meaning you are paying the equivalent of 100% interest to the landlord. A typical mortgage payment consists of both interest and principal payments with the principal applied toward reducing the loan balance. Eventually those mortgage payments will result in full ownership of a home unlike rental payments which are not applied toward the purchase of a home.

Flexibility, whether it’s owning a pet, making renovations or even something as simple as painting the walls, a lot of lease agreements restrict what a renter can do with and in his or her rented living space. Homeowners, on the other hand, have the freedom to change aspects of their home whenever they want.

Outdoor spaces, gardens, grills, hammocks, outside pets, a tire swing in the backyard. These are all things that may not be allowed when renting. Homeowners have much more freedom when it comes to customising their outdoor living spaces to suit their family’s needs.

“Homeownership provides lots of benefits in several different areas, both on emotional and financial levels,” said Hamilton. “Between the high cost of rent and restrictive lease agreements, it makes a lot of sense to own your own home in today’s housing climate.”

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
How Much Are the UK’s Natural Resources Worth?
Finance
23/03/2015How Much Are the UK’s Natural Resources Worth?

The value of the UK's lakes, reservoirs, marshes, bogs, canals and rivers has risen by more than a quarter in five years according to the first ever analysis of freshwater ecosystems from the Office for National Statistics (ONS).

Read Full PostRead - Eye Icon
Nordic Region Rivals US and Europe for Process Excellence Adoption
Innovation
17/02/2015Nordic Region Rivals US and Europe for Process Excellence Adoption

Nokia Labs Head of Operations Jarkko Pellikka, Ph.D says the Nordic region boasts some of the finest examples of process and operational excellence in the world today.

Read Full PostRead - Eye Icon
North American M&A Volume Increased in November
Finance
15/12/2015North American M&A Volume Increased in November

There were 1,556 mergers and acquisitions (M&A) deals worth a combined USD 121,727 million targeting North American companies announced in November.

Read Full PostRead - Eye Icon
Intellectually Stimulating Work
Innovation
07/06/2017Intellectually Stimulating Work

Sand & Sebolt, LPA is an intellectual property boutique law firm located in Northeast Ohio, USA. They were recently awarded the Most Outstanding IP Law Firm 2016 as part of the 2016 Global Excellence Awards, after which we invited them to profile the work of t

Read Full PostRead - Eye Icon
Disruptive Technologies Shaping the Future of Work: How AI, Drones, and VR are Transforming the Workplace
News
05/08/2024Disruptive Technologies Shaping the Future of Work: How AI, Drones, and VR are Transforming the Workplace

The integration of disruptive technologies such as military drones, artificial intelligence (AI)-powered recruitment tools, and virtual reality (VR) training programs is radically altering the traditional workplace landscape. These advancements hold significan

Read Full PostRead - Eye Icon
Digital Bootcamps: What Are They And How They Create A Future-Ready Workforce
News
27/07/2022Digital Bootcamps: What Are They And How They Create A Future-Ready Workforce

Digital Bootcamps: What Are They And How They Create A Future-Ready Workforce The workforce is undergoing tremendous change. Rapid digitization and automation are giving rise to new workforce challenges. The shelf life of the skillset has already been reduced

Read Full PostRead - Eye Icon
Endless-Backed High Street TV Secondary MBO
Finance
03/06/2015Endless-Backed High Street TV Secondary MBO

Endless-Backed High Street TV Secondary MBO

Read Full PostRead - Eye Icon
Shining The Light On A Medical Marvel
Innovation
18/12/2019Shining The Light On A Medical Marvel

The fight against cancer has become one of the greatest in modern medical history, and scientific research continues to yield new medical methods for combating this disease. At the forefront of developing innovative technologies is Advanced Oncotherapy, a UK-b

Read Full PostRead - Eye Icon
Building Trust in Digital Securities: Insurance’s Time To Step Up
News
10/02/2020Building Trust in Digital Securities: Insurance’s Time To Step Up

Assurely’s Co-Founder and Chief Insurance Officer, Ty Sagalow shares his views about the role insurance can play to advance digital securities.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow