Owning vs. Renting?
throw your money away
to enjoy your home
Donít throw your
Generally, no matter what the market, itís always smarter to buy than
to continue renting. The money you pay in rent is money you will never
see again. The money you pay towards a home you own can potentially
For example, if youíre paying $1600 a month for rent, thatís $19,200 a
year youíre essentially throwing away because there is no monetary
return or investment there. If you take that same $1600, and pay it
towards a home you purchase, youíre now paying into something you own
and will make you money while you live in it. As you pay down your
mortgage, not only does the balance get reduced, the value of your
home goes up. The amount between what your mortgage is and the value
of your home is the monetary benefit many homeowners enjoy: Equity!
And equity is something you can never get from renting.
If you have any questions, Please call
© 2015 IE Homefinder Team - All rights reserved. dre#1082667,
Broker Shan Roberts, information written By Shan Roberts