Benefits of Buying a Home

Planning on staying in your home for more than 6 years? You may want to save money and headaches by purchasing.

Benefits of Buying

TAX SAVINGS
Mortgage loan interest is deductible from your state and federal income taxes as well as real property taxes.

STABILITY
Don’t worry about another rent increase by locking in a fixed mortgage payment (principle and interest) for the life of your loan term.

BUILD EQUITY
Owning a home is a long-term investment which allows your equity to build and grow.

Benefits of Renting

FLEXIBILITY
If you plan to move in the next few years renting may be the better option.

LITTLE OR NO MAINTENANCE
Landlords are typically responsible for home repairs and maintenance on rental properties.

UTILITIES MAY BE COVERED
Typically a landlord will include some of the utility expenses as part of the rent on a rental property.