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Why Renters Should Consider Buying a Home.

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Etta Carter Homeownership has long been a cornerstone of the American Dream. As a child in Texas, I envisioned owning a ranch with vast land and animals. While in the late 1990's my dream evolved into owning a home in a gated community, the journey was initially daunting. I feared high costs and interest rates but discovered my credit was good enough to obtain a mortgage loan and within a year, refinanced at a 5% fixed interest rate.  This pivotal step opened the door to my homeownership journey. Many renters doubt they will ever own a home. A 2024 Harris Poll revealed that 81% of renters desire homeownership, yet 61% believe it’s unattainable. Factors such as perceived high costs, interest rates, and housing prices contribute to this skepticism. However, the reality is that opportunities exist for renters to transition to homeowners. Key Reasons Renters Should Consider Buying: 1. Investment and Generational Wealth: Owning a home allows you to build equity and invest in your future...