Compare Renting vs. Owning…and Much More!

There has been a debate for some time regarding whether it's better to rent or buy. Although it is true that often a mortgage payment on a home may exceed any monthly rent payment on the same or a similar property, individuals who rent do NOT enjoy the tax benefits of interest write-offs on mortgage payments. These same individuals, however, do not have repair and fix-it worries that is so much a part of being a homeowner.

What specifically are the "Plus" Factors in owning a home?

• Real Estate Taxes (City and County) are fully tax-deductible for the tax year in which you pay it.
  
  
• Mortgage Interest on your home loan is still fully tax deductible, also in the same year in which you pay it.
  
  
• You are living in an investment that is in most instances appreciating in value.
  
  
• You are making YOUR mortgage payment, not paying the mortgage payment for your landlord.
  
  
• Most important of all, you are building the future for you and your family.
  

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