Why Should you Buy NOW?

Rent VS HomeOwnership:

Rent $1,500 VS Mortgage Payment $2,290
Monthly Tax Benefits $0 VS Monthly Tax Benefits $510
Net Rent Cost $1,500 VS Net Mortgage Cost $1,779
Rent Increase Yearly of 5% VS Value of Home Increase Yearly of 5%
Total Paid Out in 5 Years $99,461 VS Total Paid Out in 5 Years $106,740
Benefit of Renting for 5 Years $0 VS Benefit of Owning $96,699

After your tax benefits and increase in value of home you come out $127,299 Richer.

*Example assume customer is buying a home for $350,000 with a tax bracket of 25% and Annual Percentage Rate of 5.88%.

Advantages of Home Ownership:

Renting VS Buying

You have no tax write-off VS You will have a great tax write-off
Your rent can go up each year VS Your housing expense may never go up
You must get permission to make changes VS You can make any physical changes
You have $0 equity to build up VS You will build up equity
You can be evicted VS You are not at the mercy of a landlord
Your living situation is temporary VS Your house will become a home