Why Buy? Buying vs. Renting

Buying a home is an investment in your future financial well-being. Renters sometimes think they can't afford to buy. However, before you sign another one year (or longer) lease, consider this:

Did you know that home ownership has tax advantages? For additional information, go to the IRS website, or download Publication 936, Home Mortgage Interest Deduction.

You might also consult the Motley Fool section on the tax implications of home ownership, which includes a calculator to estimate potential tax savings.

You might also want to consult the GinnieMae's section on renting vs. buying, and rent vs. buy calculator.

Of course, when making a major investment decision, whether it's buying a new home or investing in real estate, you should always consult your financial advisor.