Why buy instead of renting

Why buy instead of renting

There are many reasons why buying a home makes more sense than renting. If you are renting, you are essentially throwing your money away.

Whereas if you buy, eventually your loan will get paid off and you will have the benefit of writing off the interest on your  mortgage payments while you are paying off your loan. Once your mortgage is paid off,all that you will have to pay annually are the taxes on your property. You will then have all of the equity in your home so that as you grow older and possibly can't work any more, you could either sell your home or get a reverse motgage if you find yourself short of cash.


David McKay Headshot
Author:
Phone: 915-740-3632
Dated: January 17th 2013
Views: 2,663
About David: I have been with Exit West Realty since 2010 and prior to that have had 14 years of sales experience...

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