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Rent vs Buy

Think you can’t afford to buy? You may be wrong. In most cases, buying costs significantly less than renting, and what’s more – buying is an investment.

Advantages of Home Ownership

  • When you buy a house, your monthly mortgage payments serve as type of scheduled savings plan
  • You’re buying a piece of a neighborhood, surrounded by people who have a shared interest in the greater good of the neighborhood
  • Homeowners pay down their own principal while renters pay down the principal of a landlord
  • Homeowners can take advantage of tax savings including deductions for mortgage interest and real estate taxes

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Determine how much you can afford to spend on a home with the home affordability calculator: