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Buying Versus Renting

February 29, 2016

Owning a home is the American dream. Are you debating the financial benefits of owning your own home rather than renting?


The trend of thought is that paying rent is just like throwing your money away. When you own a home every payment you make on your mortgage helps to build equity in your home. Not only does your home appreciate and value, you're actually investing in your own future.


Many people feel that investing in their 401(k) and retirement account isn't enough to support a person fully throughout retirement. Perhaps you have the dream of paying off your house one day and watching your grandkids play the yard, knowing that your home is completely paid for. Security in retirement can come from having a home that is free and clear.


Looking for a much-needed tax break when it comes to tax season? One of the benefits of owning your own home is the tax break you get from deducting interest that you pay on your mortgage.


Planning ahead now by purchasing a home, is a wise investment. Over time you build equity in your home allowing you to pay for future major expenses. Not only for future home-improvements, but much needed college tuition for your children. If you plan to stay in your community for any length of time, purchasing a home may be the right decision for you.



Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
NMLS #222688 & 1018