Western State Bank Blog
Western State Bank Blog
Why buy instead of rent?
Posted on Tuesday, June 11, 2019
couple painting a wall in new home.

First, when you rent, the money you pay your landlord each month is gone for good. If you buy, a portion of your monthly mortgage payment goes toward your principal and pays it down each month. This is all money that you could potentially get back when you sell, and can apply as a down payment on your next home. The value of your home may also increase each year you live in it, which could help you make money when you sell. Buying allows you to invest in your own home! The tax benefits are nice, too.

Second, once the home is yours you can do anything you want with it! Paint your bedroom bright orange if it pleases you, knock down a wall, adopt a guinea pig, do what you want without asking a landlord for permission. You do you.

There are numerous benefits to being a home owner.  At Western State Bank we have several different types of home loans including conventional (Home Possible), FHA, VA, in-house, and RD. They all have different requirements and some are easier to obtain than others. It’s best to come talk to one of our friendly mortgage loan officers to see how you can begin the process.

Learn more about Mortgage Loans through Western State Bank.