Owning vs. renting a home is a huge decision. Here's why ownership tends to be the best way to go.
Homes typically increase in value, build equity and provide a nest egg for the future. Your costs are predictable and more stable than renting because they're ideally based on a fixed-rate mortgage. The interest and property tax portion of your mortgage payment is a tax deduction.
When you factor in the possibility that real estate values often go up over the years, home ownership looks even better. The cherry on top is that when your mortgage is paid off, you can stop making payments but you keep the house.
If you’re still wondering what the best decision is for your next home, think about meeting with a financial adviser, mortgage officer, or real estate agent - give me a call or send me an email and let me help you determine if buying a home is the smart move for you!
Homes typically increase in value, build equity and provide a nest egg for the future. Your costs are predictable and more stable than renting because they're ideally based on a fixed-rate mortgage. The interest and property tax portion of your mortgage payment is a tax deduction.
When you factor in the possibility that real estate values often go up over the years, home ownership looks even better. The cherry on top is that when your mortgage is paid off, you can stop making payments but you keep the house.
If you’re still wondering what the best decision is for your next home, think about meeting with a financial adviser, mortgage officer, or real estate agent - give me a call or send me an email and let me help you determine if buying a home is the smart move for you!
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