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Research Center
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Browse through topics about buying a home, refinancing your current mortgage, and information you should know about your credit.
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- Little or no responsibility for maintenance of the property.
- Easier to move from one rental to another.
- No property taxes.
- Some utilities may be covered by your rent payment.
- No equity will be built.
- No control over rent payment increase.
- Possibility of eviction for reasons other than non-payment.
- Bound by rules of your landlord or apartment complex.
- Limited in changing decor and landscaping.
- No tax benefits.
- Rent payments never result in a tangible asset.
- Rent payments never end.
- Possibility of loss of security deposit (typically one month's rent).
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- Your property can gain appreciation and equity.
- You are not dependent on a landlord to make needed repairs.
- Interest paid on the loan is tax deductible.
- No risk of eviction for reasons other than non payment.
- Owning a home will give you a sense of security, stability and community.
- You are free to make changes to the decor and landscaping as you choose.
- With a fixed rate mortgage your monthly payments will never increase.
- Payments will end at the end of the mortgage term.
- Payments are resulting in a tangible asset.
- You will be responsible for maintenance.
- You will be responsible for paying property taxes.
- Less mobility than renting.
- You can damage your credit by not paying your mortgage.
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Testimonial |
They gave me several mortgage options to choose from, but, allowed me to make the decisions. I would not improve anything the service was great! |
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Angela R.
(Indpendence, OH)
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