Rent vs. Buy

"The American Dream” to become a homeowner remains a significant goal for many individuals and families.

About 75% of non-homeowners in the United States consider home ownership as part of their American Dream and plan to buy eventually.

Homeownership is considered a wise investment that can build equity.

Why buying a Home
» You make a monthly mortgage payment, build equity and wealth
» Your monthly payment is locked in
» Your mortgage payments are like a savings account that accumulates equity
» Your interest and property taxes are tax deductible
» Your house increases in value over time
» You have a freedom to costumize your linving space and call it your own
» Interest rates are still low
» The personal satisfaction of having a home you can call your own to share and enjoy with family and friends.

Downsides of renting a Home

∼ You build your landlords wealth
∼ Your monthly payment is likely to increase
∼ You may be limited in what you can customize in your home
∼ You have to move to another place when the lease is up