When you’re trying to decide between buying a home and renting a home, knowing what you stand to gain—or lose—is key. For years, Premium Mortgage Corporation has been helping clients weigh their options and make informed decisions. As experts on mortgage refinancing and reverse mortgages, their home loan consultants know the business inside and out. And they know how to make sure you find the loan you need.
What's the scoop on buying versus renting? According to the New York Times, when you’re considering purchasing, accurately assessing initial costs, which include down payments, is most important. Recurring costs—including renovation and maintenance fees, property taxes, homeowner’s insurance, and mortgage payments—also need to be taken into consideration.
If you decide to rent, your expenses will include necessities like security deposits and broker’s fees. Carefully calculating all these figures (realistically) against your income will help you decide which option is right for you. After all, a house is more than just a one-time purchase; it’s an ongoing series of expenses. And that’s why home loans exist: to make it possible for you to fill in the gaps that have been keeping you from your dream of homeownership.
The professionals at Premium Mortgage Corporation can help you understand and negotiate all these processes and more. They've been ranked as a top mortgage lender for 10 years in a row now, and a huge percentage of their business comes to them via word of mouth, so you know that exemplary service, and experience, is guaranteed. To find out more, give their team a call at (585) 241-0000 today. The perfect home is closer than you think!