Owning your home has many advantages. But for some people renting is the way to go. Here is a short list of items that can explain the differences to you so that YOU can decide which option is right for you.
Benefits of Home Ownership
1. Tax savings - When you own your home you can deduct mortgage interest from your taxes. You could get tax benefits in many states as well, so check.
2. A fixed monthly payment - When you buy your own home using a fixed interest rate mortgage, your principle and interest payments (P&I) will remain fixed for the life of your loan.
3. Equity - When you own your own home, you have the ability to build equity in your home.
So, over the life 
of a 30 year loan you can plan for the future for things like your retirement or your child's education. Thus giving you peace of mind that you've built a solid foundation on which to build your future.
4. Quality Finishings - Let's face it rental homes usually have the cheapest quality finishes because most landlords aren't interested in spending a lot of money in upgrades just to have tenants trash them. When you own your own home that issue goes away. 
5. Personal satisfaction - When you own your home you can fully decorate that home to your tastes. You can paint, renovate, upgrade and put your personal touches on that home. "Fixing up" and upgrading your home is a not only a great source of personal pride and satisfaction, but it also is a great way to build your Equity (#3).
Benefits of Renting 
1. Maintenance - When you rent you have a landlord or manager to call when things break to come and fix them.
2. Short Term Flexibility - If you aren't sure where the wind will blow you, or if you plan on moving for whatever the reason, then renting may be a good option for you.
3. Ability - Not everyone can qualify for a loan. If you are not able to get a loan, then not
only is renting a good option for you, it may be the only option for you.
Think you might be ready to buy that home? Do you have more questions? Please don't hesitate to contact me at 321-626-5868 to find your new home!
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