Renting versus Buying a Home

Renting Versus Buying a Home

Are you trying to decide whether to buy or rent? Here are some things to consider.

•· Homeowners can secure a fixed-rate loan and lock in their monthly payments

•· Homeowners make investment plans knowing these expenses won't change substantially

•· Rent can go up each year without the renter's input

•· Renters are at the mercy of their landlord

•· Homeowners are in control of their property when it comes to pet ownership, decorating, expansions, renovations and other home improvements that are permanent.

•· Homeowners have tax deductions including mortgage interest, points paid at closing, and real estate taxes (and now possible the $8000 tax credit extension!)

FHA and VA loans provide exceptional opportunities for first-time home buyers providing many benefits including little down payment.

Renting Versus Buying a Home