When it comes to renting vs. owning, renting can often seem like the safe choice. We understand that owning a home is one of the most important steps you will take in life. Saving enough money for a home can seem daunting, but there a lot of advantages to home owning – even money saving ones!
Make your homeownership dreams a reality.
Take the first step and apply online with NW Home Loans.
Make your homeownership dreams a reality.
If you are not sure on renting vs owning, take a look at these factors below!
- Owning can be less expensive than renting. Rent prices are on the rise and change frequently. With a fixed mortgage, your monthly payments are likely to stay the same, no matter how the markets move.
- Put your net worth on “cruise control”. The value of owning your property should increase over time, while renting can feel like a money pit. No more throwing your money away!
- Save on your taxes! Owning a home gives you tax deductions for your mortgage interest paid and property taxes.
- When you own a home, you’re the boss. Owning your home means you can decorate and make renovations or changes without prior approval from a landlord or property manager.
- You no longer have a temporary living situation – no more year to year renting and leases – you have a home.
Ready to learn more?
Connect with one of our loan officers in your area today.
Ready to learn more?
Why Choose NW Home Loans?
Our mission is to empower every homeowner to confidently build their future. In partnership with Northway Homes, we deliver accessible, transparent mortgage solutions rooted in integrity and quality, making the dream of a new home not just possible, but practical. We strive to guide our clients at every step with clarity, service, and a commitment to value
All information presented is for educational purposes only and not intended as financial advice. NW Home Loans, LLC NMLS#2749372. Equal housing lender ©2025.
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