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