Why You Should Consider
Buying Versus Renting

It's obvious that you are considering buying versus renting or continuing to rent, because you are on this website.

Let's talk about renting...

Renting is not in itself a bad idea. In fact, the majority of people that own homes now have rented at some point in their past. Renting does several good things for the future home buyer. If you are a renter chances are you're responsible and are trying to establish your credibility.

Renting allows the future home buyer to exercise responsibility by being a good tenant (which mainly includes paying your rent on time). If you are consistent with paying your rent on time each month, then you are a good candidate for paying your monthly mortgage on time too!

People often use the excuse of not wanting to be committed to paying a mortgage each month...but, they continuously pay their rent each month. If you can pay rent, you can pay your mortgage.

Renting also helps to build your creditability. If you have rented an apartment, duplex, house, etc for over 2 years without eviction notices and such, then you are showing your integrity and creditability to your word and promise to pay each month. This will give you a strong "rental history" that a lot of lenders look for while making a decision to pre-approve you for a loan.

But, renting should ONLY be used as a pre-cursor to becoming a homeowner. We do not believe in renting forever. It is necessary to strengthen your responsibility, but after that you should really consider moving forward to owning your own property.

Renting makes your landlord wealthy. You don't receive any gain from renting year after year. You have NO CONTROL over rental increases each year. If you rent for 36 months at $600 per month you will have paid your landlord $21,600! You walk away with NO RETURN ON YOUR INVESTMENT!

This is why it is important to explore the subject of buying versus renting so that you can make an informed decision.

There are many reasons why buying versus renting is the smartest way to invest your money. Check it out...

As a home buyer you may deduct mortgage interest and property taxes as an expense income, as well as some of the costs involved in buying your home.

Money paid for rent is money that you'll never see again, but mortgage payments let you build equity ownership interest in your home. Learn more about Home Equity Credit.

Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

Unlike rent, your mortgage payments don't go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs may raise.

The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home. Discover more at Experience the Freedom!

Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

Real estate provides its owner with valuable control and management of its value.

Real estate values generally rise over a period of years.

Home equity credit will enable you to make awesome things happen in your life. Think back to the example above once you sold your home. You had $40,000 worth of home equity credit. With that "cash in hand" you are able to accomplish any of the following:

  • Put a down payment towards the purchase of your "New Home!"

  • Take a personal or family vacation..."Wave at Mickey Mouse!"

  • Start your own "Business!"

  • Pay for your child/rens "College Tuition!"

  • Pay off other "Debt!"

  • Purchase a most wanted "Big Ticket Item!"

  • Sock a large amount into your "Retirement Account!"

The benefits of home equity credit are endless! You decide...are you going to keep investing into someone else's future or are you going to build "your wealth" for your future? Make the investment this year. You can do it!

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