Buying a Home?

Renting vs. Buying

“Why throw away rent every month when I could be building equity in a place of my own?”

“Why get tied down to unpredictable expenses like a new furnace or roof repair when I can have the freedom of leaving those things to the landlord?”

Like other major life decisions, choosing whether to rent or own is a question of weighing the options. Here are some of the benefits of owning your own home:

• Your monthly house payment could equal less than your monthly rent.
• You will qualify for income tax deductions–for mortgage interest, property taxes, and other expenses.
• Unlike rent, which can increase with inflation, your house payment stays the same with a fixed-rate home mortgage.
• Your monthly mortgage payments increase your equity. As home values increase, your equity does, too. That means you can borrow more against your property, or make a larger profit at selling time.

Sounds great, right? We've helped thousands of homeowners who couldn't agree more.

Click here to access our Rent vs. Buy Calculator