Why should I buy, instead of rent?

A home is an investment. When paying rent, once a check is written, the money is lost permanently. However, if you own your house, you can normally deduct the cost of your mortgage loan interest from your taxable income when filing your income taxes. This will result in significant annual savings for you because the interest you pay will account for the majority of your monthly payment over the majority of the mortgage's term. Additionally, over time, your home's worth can increase. Finally, you'll appreciate owning something uniquely yours, a house where your sense of style reflects who you are to the outside world.