- 2018 Posts

  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

+ 2017 Posts

+ 2016 Posts

+ 2015 Posts

Renting VS. Buying – The benefits of being a home owner

December 29, 2015

Buying a home has many advantages that can last a life time. When you rent a property, there is no guarantee that your rent will not increase, as home values climb, so does rent. Owning your own home, allows you to maintain a set payment, and to plan for your financial future. It is also a great benefit to your financial security for retirement. Once your mortgage is paid off, your property will be owned out right, allowing you to live payment free. If you were to rent, you would still have to fit that rent payment into your monthly budget, giving you far less freedom in your later years.

 

Buying a home also builds valuable equity in your home, which is there for you to access that in times of need. A home can be compared to savings account, as your home increases in value and the mortgage is paid down. Each time you write the check for your mortgage payment, you know you paying toward something you own.

 

One of the other great benefits to owning your own home is you are free to change anything! A new kitchen or a remodeled bath? Maybe you dream of a finished basement where your family can gather and play games and enjoy each others company. Convincing a land lord to provide you with these things can be difficult and sometimes impossible. You are the king of your domain when you own your own home!

 

Lets not forget there can be some added tax benefits when owning your own property come tax season. Claiming your home and other housing expenses on your federal return can give you a much needed tax break and dollars back in your pocket, something renting will never provide you. This added money on your return can then be used for home improvements, vacations, or adding to your nest egg.

 

Here at GSF Mortgage, we specialize in helping our neighbors become home owners, matching them with the home mortgage that fits their needs. Contact us today to discuss which home program is right for you, and let us help you start your financial future!

 

 

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