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Rent vs Own: What You Need to Know to Make a Wise Choice

February 27, 2020

Check out this graphic from the website, "Keeping Current Matters" regarding renting vs owning your own home.

Some Highlights:

• Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
• Big tax advantages – your mortgage interest may be tax deductible.This alone could be enough to save you thousands in federal income tax.
• Your pets!  We love our fur babies and some apartments do not allow pets and surely do not include much of a yard to let them run.
• Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
• Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you! 

Many new homes in all 13 Grant neighborhoods in Olive Branch, Hernando and Arlington are ready to move into now.  Click here for a complete list of available homes.