Owning vs. Renting Advantages of Home Ownership

Owning vs. Renting
Advantages of Homeownership

• EQUITY - You can`t build equity in an apartment or rental property. ~ In your own home you CAN.

• TAX DEDUCTION - Your rent payment is not tax deductible. ~ The interest portion of your mortgage payment could be tax deductible.*

• FIXED PAYMENT - Your rent almost always increases when your lease is renewed. ~ With a fixed-rate mortgage, the principal & interest payments never go up.

• PRIVACY - Your apartment, shares the walls, ceiling and/or floor. ~ In a single family home, you have privacy.

• PRIDE - An apartment can feel only like a place to stay. ~ Owning your own home gives you pride of ownership.

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Equal Housing Lender. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.
*Consult your tax advisor.