| WHY RENT WHEN YOU CAN OWN |
STOP PAYING RENT
| When you become a homeowner you keep a lot more of your paycheck! The tax advantages of home ownership are GIVE and TAKE – When you own, you TAKE more of your paycheck home and GIVE less to Uncle Sam. It’s that simple! The combined effect of today’s low interest rates, attractive real estate prices, and tax savings make home ownership a very attractive and obtainable alternative to renting. There are many loan programs available which can make it even easier to qualify for home ownership. It is very possible that you could qualify for money form the State, City, or County. Getting pre-qualified for a loan with the lender on my team doesn't cost you anything. Why not call today and see what you could qualify for. |
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Why Rent When You Can Own?
• There are no potential gains from the rising value of property. • You usually get less space for the money. • Changes cannot be made to residence or are limited in scope. • Rent rises with inflation except where there are many rental units available. • You will probably have restrictions on noise level, pet ownership, or children If you like to sleep in on a weekend it is much easier in your own home. You can control the rattling and banging around. |
BUY DON'T RENT
| If you are thinking about buying a house, consider the following advantages: • A house is a form of forced savings (you make payments on an asset that may grow in value, many families would never accumulate assets otherwise). • Homeowners often have a sense of pride and status in home and community. • A homeowner may have a better credit rating (equity in a home improves the credit status of the family and can be used as collateral for an emergency loan). • Mortgage payments contribute to an investment, particularly if the property is located where it increases in value over a period of years. • Monthly payments remain relatively constant for many years (fixed loan), thus housing costs are stabilized because present and future costs can be estimated and planned. • Interest on mortgage monies and taxes are legitimate income tax deductions. • The house may increase in value, resulting in a significant gain in net worth. • Ownership may contribute to security, especially in retirement years when income normally decreases. • A homeowner can borrow against his/her equity, as the value of the house increases against what is owed on it. • More space may be available for family members and their activities. • A homeowner has freedom to make improvements and changes to the house and surroundings as desired. • Homeowners generally are concerned about community affairs and how they may affect their property, which results in a greater sense of community. |
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