Buying vs Renting
Owning a house compared to renting has many advantages. Besides the obvious fact that you have a place to call your own, there are many financial advantages to homeownership.
Advantages of Owning a Home:
- Make your money work for you! Gain equity while paying off your mortgage loan, instead of paying rent to make your landlord rich.
- Owning your own home lets you take advantage of the significant appreciation of real estate.
The interest in a mortgage payment is tax deductible, while rent payments are not.
- Landlords purchase property in order to make money. Your rent covers your landlord’s mortgage payment, and puts money into his pocket as well.
- There are many mortgage loan options available, which make home ownership possible for almost anyone!
iLoan Financial can make home ownership affordable for almost anyone. Fill out our online form, or call us for a Free Mortgage Consultation!
