Buying or renting

Buying a home for the first time is the most important financial decision most of us will ever make. It’s a serious long-term commitment, however, the returns are worth it.

If you’re currently renting, consider speaking to one of our Mortgage Loan Originators who will advise you on the many solutions available.

 

Benefits of homeownership

 

Appreciation:

Property values have consistently risen throughout the decades despite slowdowns and shifts in the economy. It follows the adage made famous by Mark Twain “Buy land, they’re not making it anymore”.

 

Equity:

A portion of your monthly payment goes towards paying off the balance of your loan.

 

Savings:

The money invested in your home is a great long-term savings plan.

 

Predictability:

Unlike rent, the principal and interest payments on fixed-rate mortgages never increase.

 

Freedom:

Since you own the property, you are free to remodel and improve it how you see fit.