Pros & Cons of Mortgage VS Rent | Hunter Home Loan Blogs

Mortgage Vs. Rent | What is the difference?

The money you pay on your mortgage each month is building equity for you. Rent on the other hand, is money you’re going to throw away and never see again. However, make sure you always consult a tax professional. You can compare buying a home to an investment account that you actually live in. Property values typically increase plus you’re paying the same amount you normally would in rent. So, the benefit is two-fold. That money is wiggling away at the total balance of your mortgage. The investment is increasing in value plus, the balance of your mortgage is decreasing every time you make a payment. In 5 years, you can increase your net-worth by thousands, if not tens of thousands of dollars.

Chat with us today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

Leave a Reply

Your email address will not be published. Required fields are marked *

Find Out Your Home's Current Value