Should I Rent, or Should I Own?

Owning a home is a big step in someone’s life. When it comes to making the big decision, we’re here to help with the decision-making process. Here are some important points to consider when deciding whether to buy or rent a home:

• Whether you move frequently. Do you plan to stay at this location for some time?

• Whether it is more expensive to own than rent in your area. In some areas, the cost of renting isn’t consistent with the cost of owning.

• Whether you have the ability to maintain a home. Will you be able to work on the house yourself, or otherwise hire contractors to do so?

• Whether a big change is happening in your life. Will you be getting married, changing jobs, starting a new business, or having another life-changing event in the near future?

The question of whether to buy or rent a home can be overwhelming—but it doesn’t need to be. We’re here to help! Call or visit any of our friendly Relationship Officers, and let us help you become more informed in the decision-making process. And when you’re ready, we’ll work to get you the best mortgage option that fits your needs.

Resource: http://cashmoneylife.com/when-is-renting-better-than-buying/

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