Learn About the Benefits of Owning a Home Versus Renting

Steady-Predictable-Payments

Steady, Predictable Payments

Unlike renting, your monthly payment won’t change when you buy a home with a fixed-rate mortgage (unless you refinance).

Tax-Benefits

Tax Benefits

In some cases you may be able to deduct interest and property taxes from your tax return.

Long-Term-Investment-Value

Long-Term Investment Value

Real estate is a great way to build equity and grow your money over time. Any money you put into improvements will likely increase the value.

Get the Information You Need to Make the Best Decision

Renting can be less expensive in the short term, give you increased mobility, and have less stringent credit requirements than buying. But if you’re ready to settle down, have cash on hand, and your mortgage payment would be equal to or less than rent, it might be time to buy.

Words of Wisdom from Our Loan Officers

Renting-vs-Buying-Questions

Learn How to Ask the Right Questions About Renting vs. Buying

Renting and buying a home both have advantages and disadvantages, and you’ll want to carefully consider your options before making any big moves. Consider questions like: 

Throughout the process, our mortgage loan professionals will help you:

  • Do I live in a city where renting is cheaper than buying or vice versa?

  • Do I need mobility or will I stay in one place for a while?

  • Would I be eligible for homeownership tax deductions?

  • How do my rent payments compare to a mortgage payment for my desired purchase price and down payment?

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