Buy vs. Rent

Contemplating Homeownership?

For many, owning a home is the fulfillment of the American Dream. Our Mortgage Services team can help turn your dreams into a reality. Purchasing a home can be an overwhelming thought and is one of the biggest financial decisions you may make. Our team of mortgage experts provides individual attention and guidance through the entire home buying process and works with you to determine which option is right for you. Let us assist you every step of the way.

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ADVANTAGES OF BUYING

  • BUILD EQUITY

    You build equity in your home over time as the property appreciates in value. You may use the equity in your home to secure a loan.
  • GAIN TAX ADVANTAGES

    The interest and taxes you pay on your mortgage may be tax deductible. Consult your tax advisor for details.
  • STABILIZE YOUR PAYMENTS

    Monthly payments are relatively steady if your loan has a fixed interest rate allowing you to more easily manage your budget.
  • ESTABLISH A PLACE YOUR FAMILY CALLS “HOME”

    A home provides a permanent place where your family can live, grow, and develop a closer connection with neighbors and community. You can also decorate and tailor your house to be your dream home.

ADVANTAGES OF RENTING

  • NO MAINTENANCE IS REQUIRED

    If you need repairs, it is usually covered in your rent. No extra money comes out of your pocket.
  • FLEXIBILITY

    If your situation changes and you need to move, it is much easier to switch to a month-to-month lease or sublet than it is to sell a home.
  • AVOID THE RISK OF DEPRECIATION

    There is no guarantee a home will increase in value, and it could decrease.

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