Renting vs. Buying

CALLING ALL RENTERS. Tired of paying out money every month with nothing to show for it. Maybe you should consider that now is the perfect time to buy a home. Why you ask. Home prices and interest rates are at a record low. Depressed home prices have created great buying opportunities.

There are many advantages to home ownership. These are just a few of them.

1. Tax deductions - Did you know that you can deduct mortgage interest payments and property tax payments from your taxes.
 

2. Building Equity - Buying a home lets you build equity over the years you own your home.

Let’s look at what you can save just by purchasing a home. Average purchase price of home at $100,000 and interest of 4.5% over a 30 year period with your down payment . Your monthly payment would be $488.95. If you are renting doesn’t this sound good. Get off the fence and give me a call. I’m waiting to hear from you.