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How do I know if I should rent or buy?

Buying a home may be right for you because it offers:

  • Predictable Payments: Tired of rent increases? Purchasing a home with a fixed rate mortgage loan adds peace of mind and ensure you lock in a consistent mortgage payment for the duration of your loan.

  • An Investment Opportunity: Unlike a rental, a home is a tangible asset that has the ability to appreciate in value. Plus, you can even rent out a spare room in your home for extra income!

  • Tax Benefits: Put money back in your pocket: Many expenses associated with owning a home, such as property taxes, interest and accounting costs, could all be tax deductible. Consult a tax professional for additional information

  • Personalization Opportunities: Whether it's a simple paint job or an extensive renovation, purchasing a home puts you in control. Plus, any value added to the property goes directly into your pocket.

  • Equity Savings: Each monthly loan payment means greater equity for the home owner. This translates into savings that benefit you, the owner.

  • Lower Monthly Costs: If you crunch the numbers, the monthly cost of owning a home (excluding the down payment and closing costs) is often much less than renting in the majority of U.S. markets.

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2211 Old Earhart Road, Suite 250
Ann Arbor, MI 48105
Toll Free: (800) 686-2404
wecare@homepointfinancial.com
NMLS# 7706
nmlsconsumeraccess.org

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Home Point Financial Corporation d/b/a Homepoint. NMLS No.7706 (For licensing information, go to: www.nmlsconsumeraccess.org). Home Point Financial Corporation does not conduct business under the name, “Homepoint” in IL, KY, LA, MD, NY, or WY. In these states, the company conducts business under the full legal name, Home Point Financial Corporation. 2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105. Toll-Free Tel: (888) 616-6866. For Licensing and Disclaimers visit www.homepointfinancial.com/about-us/licenses.