To Own or To Rent?

By
Mortgage and Lending with Peoples Bank

Purchasing a home requires a thoughtful decision. For some, leaving a rented apartment is difficult due to its financial flexibility; however choosing homeownership can be financially rewarding.
Here are some things to keep in mind when considering buying a home:
Undecided?

Don't Wait Until It's Too Late
Buyers sitting on the fence while waiting for the "prices to go down" will miss out on long-term appreciation gains and possible tax advantages.

A Smart Investment
Renting does not provide equity benefits. Make your money work for you by building equity in your own home and benefiting from possible tax advantages* as a homeowner.

Good News!
High Inventory
There is currently a greater selection of homes for sale on the market. Sellers are motivated and many homes are priced to move! That means you have a better chance of finding the home that best fits your lifestyle and needs.

Motivated Sellers
Because the market is moving more slowly, some sellers may be highly motivated to participate in special financing programs such as buying down the interest rate on your loan. This makes homeownership much more affordable than you think.

Finding the Right Loan For You
A loan consultant can provide you with a wide selection of mortgage options that have payment structures to best suit your individual needs. As a full service mortgage banker and broker, Princeton Capital can offer many loan options along with competitive pricing. They have greater control in the decision making process from start to finish, so your loan can close faster with more flexible terms.

Comments (3)

Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Owning you own home can also be a forced savings account, as the home appreciated in value.

Mar 16, 2011 10:17 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

very good informative post. I willl have to consider all options in the rent vs own evaluation. Keep them coming.

Mar 19, 2011 03:28 PM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

Well hopefully people see that renting is just not the way to go now and owning with the tax benifits and low interest rates u got to buy now.

Mar 21, 2011 04:31 PM