OWN VS. RENT
When You Own Your Home, You're in Charge!
Enjoy the pride and security of owning your own home.
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Have the confidence of knowing what you will be paying each month.
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When home values rise, you build equity in your home.
Benefits of Owning Your Home
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Count on a consistent monthly home loan payment with a Fixed-Rate Mortgage.
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Pay your own mortgage, not your landlord's.
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Build equity when home values rise.
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Avoid annual (or more frequent) rent increases.
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Avoid termination of your lease.
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Gain tax advantages of owning a home.
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Choose to refinance when rates go down.
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A Fixed-Rate Mortgage has an interest rate that remains the same for the life of the loan.
​Owning a home is a solid, long-term investment in your future.
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Downsides of Renting
Rent Increases
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Rents typically increase annually or even more frequently.
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The national average rent increased by 36% in the past 10 years.*
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It's difficult to predict how much rent will increase.
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You may see your rent doubled over time.
Housing Crunch
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A lack of housing may result in bidding wars for rentals.
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If your landlord decides to sell, you may have to move quickly.
No Equity
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You aren't building equity when you rent.
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You are putting your hard-earned money in your landlord’s pocket instead of your own.
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Owning a Home Is a Solid, Long-Term Investment in Your Future
S&P Dow Jones Indices LLC, S&P/Case-Shiller U.S. National Home Price Index [CSUSHPINSA], retrieved from FRED, Federal Reserve Bank of St. Louis; October 9, 2022.
