Is owning a home better financially than renting?
Today’s Real Talk Segment is about the true cost of not owning your home and 2 myths that are holding back home buyers. Why is owning a home financially better than renting? Homeownership provides tax savings. Homeownership allows you to lock in your monthly housing cost. Buying a home is less expensive than renting. No other investments lets you live inside of it. Homeownership is a form of forced savings. What are the 2 myths holding back home buyers. You need a 20% down payment to buy a home. You need a 780 FICO score or higher to buy a home. Give us a call for your owner personal rent v. buy analysis.