Buying vs. Renting

Buying vs. Renting
Go Ahead and Weigh The Advantages

Buying	Renting
You will have a great tax write-off	You have no tax write-off.
Your housing expense may never go up.	Your rent can go up anytime.
You can use, decorate, make physical changes and enjoy your home as you see fit.	You must get permission to make any changes to your apartment.
You may build a large equity as your home appreciates in value	You have no equity build-up. Your money is gone for rent.
You are not at the mercy of your landlord or their rules.	You can be evicted at any time or rent can increase after lease period expires.
Your house will become a home, not a temporary living situation.	Your living situation is always temporary.

In many ways it's easier now to buy a home than it was ten years ago. Back in the day it was customary to make a large down payment. Many lenders would not even lend their money unless their was a downpayment of 20% paid to the lender or keept in an account at the bank.

There are many special no down payment programs that can help you to purchase the home that you need.

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