Rent vs. Buy
Rent vs. Buy
Not sure if you should buy a home? The rent you pay could build equity in your own real estate. Do you realize how much you pay in rent over a period of years?
The chart to the left gives you a total picture of what is happening to your money. The rent you pay adds up to a sizeable sum!
RENT: BUY:
* No interest payment deductions * Excellent deductions for your mortgage interest paid
* Rental amount may increase at any time * Mortgage payments could be fixed
* No capitalization; your money disappears forever * The value of your property will typically increase in time
* Rent is temporary & often subject to 30 day's notice * Your house will become a home
