Buying vs. Renting

BUYERS INFORMATION

You can Write-Off your Mortgage Interest on your Loan.

You have NO Tax Write-Off as a Renter.

Your Housing Monthly Expenses with a Fixed Rate will NEVER go Up.

Your Rent can go up at anytime.

You can use, decorate, make physical changes and enjoy your home as you see fit.

You need permission before making any changes to your apartment.

You Build Equity as time goes by, eventually you will have No Monthly Mortgage Payment.

You have No Equity build-up, and you will continue to make Monthly Payment as long as you continue to Rent.

You are not at the Mercy of Anyone.

You can be evicted at any time, Rent can increase or Lease Period end.

Your house will be your Home, not a temporary living place.

Your living situation is always temporary.

In many ways it's easier now to buy a home than it was ten years ago. Back in the day it was customary to make a large down payment. Many lenders would not even lend their money unless their was a Down Payment of 20% paid to the lender or kept in an account at the bank. Now you can get into a home for less than 5% Down. Call us for more details now.

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All programs, rates and terms are for broker use only and are subject to change without notice.