Should I Rent or Should I Own???

This question is on the mind of millions of Americans that are currently renting or leasing. Many people are just plain scared to make the jump into homeownership. Well, the truth is, it's not that hard and you may currently be throwing away thousands of dollars in rent. Here are some of the rewards of homeownership:

Sound Investment
History tells us that most often homes appreciate in value. In the next three to five years you can spend over $30,000 in rent and have nothing to show for it.

Mortgage Payments End
Depending on your mortgage term, one day the mortgage will come to an end. Meanwhile, rent will continue forever.

Stability vs. Uncertainty
The uncertainty of a landlord raising rent every year will not be an issue when you are a homeowner. You will also not be forced to move when your lease expires.

Tax Advantages
Mortgage interest and real estate tax is tax deductible. Check with you accountant for more tax advantages.

Retirement Advantage
Depending on the term of the loan and how long you stay in the home, there is a great feeling of peace of mind when you retire and don't have to make any more mortgage payments. You will also have access to equity that your home has accrued over the years.

Monthly Cost – Rent vs. Own
After you consider all costs involved, owning a home may be cheaper than renting.

Little or No Money Down
With many loan programs and money down assistance programs it is possible to move into a new home with practically little or no money down. Speak to one of our Home Loan Advisor for details.

Credit Builder
Having excellent credit is imperative in this day and age. Homeownership is a major indicator of financial integrity.

Freedom
You can choose your style! Change colors, décor, landscaping to match your taste.

Pride in Ownership
You will feel proud that you are a homeowner.

More Living Space
Typically you will have more space than renting. Things like a garage and yard are a great benefit of owning a home.

Privacy
Renting sometimes compromises your personality and lifestyle. You will have a higher degree of privacy with homeownership.

Sense of Community
Owning a home makes you part of the community. People who own tend to be more involved in the community than renters.

Your Key to the American Dream
Achieve the American Dream! Own your own home with Home Discovery: Tomorrow's Real Estate Solution…Today!