What Are the Advantages of Buying Over Renting?*
Renting can offer great flexibility, but the money you pay every month benefits your landlord, not your future. Your monthly rent can easily become an investment in your dream home.
There Are Significant Benfits to Home Ownership.
Make a House Your Own Home
From paint color to a new floor, itâs your home and you can customize it any way you choose.
Gain Greater Life Stability & Control
By removing yourself from a landlord / renter relationship, you increase the stability in your life.
Build Home Equity Over Time
Part of your monthly payment increases home equity, which can turn into a profit if you sell.
Strengthen Your Credit Score*
Because you are investing in an asset, your credit score can increase over time.
Utilize New Tax Advantages*
Your mortgage interest, property taxes, and sometimes even closing costs could be tax deductible.*
Increase Financial Planning Accuracy
Our mortgage options will help you predict your monthly payments versus being subject to rent increases you canât always plan for.
Discover Your Home Loan Options
There are a range of loans for home purchasing that can fit a variety of financial circumstances. Read on to see what might work best for you.
Are You Ready to Be Your Own Landlord?
With just a little personal information, the Michael Inkman Team can run the numbers and help you move forward.
* This article does not constitute tax or financial advice. Please consult a tax and/or financial advisor regarding your specific situation.
Copyright©2023 Fairway Independent Mortgage Corporation (âFairwayâ) NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity. AZ License #BK-0904162. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License No 41DBO-78367. Licensed by the Department of Financial Protection and Innovation under the California Financing Law, NMLS #2289. Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.