Mortgage Discussion - Choosing between buying and renting

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Choosing between buying and renting

jason

2006-12-21, 10:35 am

Hi John,

My two cents!

Home ownership offers tax benefits as well as the freedom to make decisions about your home. An advantage of renting is not worrying about maintenance and other financial obligations associated with owning property.
There also are a number of economic considerations. Unlike renters, home owners who secure a fixed-rate loan can lock in their monthly housing costs and make prudent investment plans knowing these expenses will not increase substantially.
Owning a home is a great feeling. It does, however, have a price. Besides the maintenance headache, the amount of after-tax money paid to the lender is usually
Good Luck! greater than the amount of money otherwise paid in rent.

best,
Jason
http://dalewarel.com/

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