Owning vs. Renting
Owning vs. Renting Advantages of Homeownership 1. Equity - You can't build equity in an apartment or rental property. In your own home you can. 2. Tax Deduction - your rent payment is not tax deductible. The interest portion of your mortgage payment could be tax deductible* 3. Privacy - Your apartment shares the walls, ceiling, and/or floor. In a single family home you have privacy. 4. Fixed Payment - Your rental can always increase when your lease is renewed. With a fixed-rate mortgage, the principal and interest payments never go up. 5. Pride - An apartment can feel only like a place to stay. Owning your own home gives you pride of ownership. *consult your tax advisor. Call us today to help you make home ownership a reality!
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