Should you rent or buy?

With every rent check you write, you're helping to build equity in your landlord's property. That money could be going toward building equity in a home of your own. Today's rates and prices are low enough that your house payment could be lower than your rent payment!

Financial Security

Most people start on the road to financial independence through home ownership. Your principal and interest payments can remain the same for the full term of your mortgage while your rent usually goes up as the cost of living increases. Investing in owning a home is better than a savings account. As you make mortgage payments and your home appreciates to keep pace with inflation, you build equity—which gives you financial security you can "bank" on.

The Tax Advantages of Your Investment

Payments on your mortgage loan mean you are acquiring a major possession; and instead of making rent payments, your payments means you own more and more. The garden you plant, the permanent improvements you make, all enhance your way of living as well as the value of your home. Plus, your real estate taxes and the interest on your mortgage are deductible from your income tax; that means bigger tax returns.

That Hometown Feeling

Your children can grow up in the neighborhood of your choice. How great to settle down in a neighborhood you love, become part of the community, and share and give back, putting down roots in your chosen 'home' town, and feeling that you belong. Knowing you won't have to move (again and again) and putting down roots, literally and figuratively, will give you peace of mind, and a sense of place.

Life is Good

Home ownership offers special advantages that make life more enjoyable: backyard barbecues, large family gatherings during holidays, a home workshop, a chance to enjoy your family's companionship in a place that reflects your journey through life, your interests and tastes. Invest in all the home improvements you've always craved and enjoy the good life!

How much home can you afford?

It doesn't hurt to ask. Get the ball rolling by contacting EWM's affiliated mortgage company, HomeServices Lending, who can do the work for you and offer valuable assistance in determining how much home you can afford and how much you can borrow: Call 305-661-8007 or Apply Online for a free pre-approval.

First-time home buyer?

Check Out EWM's 10 Steps to Buying A Home.