• Mortgage

6 Reasons Why Buying is Better Than Renting

Natalie Tuchscherer | VIce President of VISIONBank

Natalie Tuchscherer

VP / Mortgage Lender

6 Reasons Why Buying is Better Than Building

Making the decision to buy a home is a big one, but there are more benefits to buying versus renting:

Payments

With a fixed-rate mortgage on a home purchase, your mortgage payment is more predictable than renting costs. Rental companies can increase the price whenever unless you are in a rent-controlled building or neighborhood.

Think Long Term

While buying a home may be scary or your payments might be more than your rent, once your loan is paid off you will be mortgage-free. Rent is not money you can get back; it’s benefiting your renting company not you.

Build Equity

Your payments are helping you build equity in the house, one the of easiest ways to build wealth and allows you to make more significant investments in the future.

Increase Credit Score

When you make on time payments to your monthly mortgage you help build your credit score!

Tax Breaks

Home ownership allows possible deductions for mortgage interesest, first time homebuyers and at home office expenses.

Make It Yours

Don’t like the color of the walls? Paint them. Don’t like the flooring in the kitchen? Replace them. It is your house, which means you get to make it your own and can redecorate it however you want.

Ready to Reach Out?

Do you feel more excited to purchase a home and stop renting? We are here to help! Start the mortgage process today by clicking this link or fill out the form below and we will contact you.

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