Renting vs. Owning

Renting vs. Owning

 When it comes to renting vs. owning, renting can often seem like the safe choice. We understand that owning a home is one of the most important steps you will take in life.  Saving enough money for a home can seem daunting, but there a lot of advantages to home owning – even money saving ones!

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If you are not sure on renting vs owning, take a look at these factors below!

  • Owning can be less expensive than renting. Rent prices are on the rise and change frequently. With a fixed mortgage, your monthly payments are likely to stay the same, no matter how the markets move.
  • Put your net worth on “cruise control”. The value of owning your property should increase over time, while renting can feel like a money pit. No more throwing your money away!
  • Save on your taxes! Owning a home gives you tax deductions for your mortgage interest paid and property taxes.
  • When you own a home, you’re the boss. Owning your home means you can decorate and make renovations or changes without prior approval from a landlord or property manager.
  • You no longer have a temporary living situation – no more year to year renting and leases – you have a home.

Owning a home could be the best decision for you and your family. If you think buying is the next step for you, visit Mortgage Resources to learn more, or contact one of our mortgage professionals today. We’re here to help you get started.

Questions About Home Buying?

Talk to one of our mortgage professionals to learn more about financing your new home today.

Why Coastal Loans?

At Coastal Loans we work directly with Holiday Builders to streamline your homebuying process. As your dedicated mortgage lender, we are able to simplify the lines of communication with your home purchase team, resulting in industry leading turn times. Our competitive rates and extensive loan product options allow us more opportunities to help our clients secure their dream home.

Buying a home is one of the most important financial decisions you will make. Understanding mortgages and the home buying process can help make it less stressful, and so can partnering with a mortgage lender you can trust. At Coastal Loans, we’re dedicated to helping home buyers finance their dream home. All information presented is for educational purposes only and not intended as financial advice.