Renting and owning both offer unique benefits, and the right choice ultimately comes down to your goals, budget, and long-term plans.
At Team Lasson - Flat Branch Home
Loans, we want our borrowers to be informed and empowered to make decisions
that best fit their long-term goals. Wondering if you should rent or own?
Here’s information that can help you make your decision.
The Advantages of Owning
a Home
For many, homeownership
represents stability and the freedom to grow into a space that truly feels like
your own. If you’re considering purchasing a home, here are a few reasons it
may fit your needs.
Build Long-Term Equity
Every mortgage payment
helps you build ownership in your home. Over time, that equity can become a
powerful financial asset, whether you use it for future goals, renovations, or
simply to strengthen your financial position.
Predictable Monthly
Payments
With a fixed-rate
mortgage, your principal and interest remain the same month after month.
Own the Space
Paint the walls. Update
the kitchen. Add a garage, bringing convenience and save years of life on your
car. Plant a garden! When you own your home, you can personalize it to fit your
lifestyle.
The Advantage of Renting
For others, renting may
make more sense. Flexibility and lower upfront costs are at the top of your
priority list. If you’re considering renting, here’s why it could be a smart
move:
Minimal Maintenance
Responsibilities
When something breaks,
your landlord or management company are responsible for fixing it. Renting
removes the financial and time commitments that come with home repairs.
Flexibility for Your
Next Move
If you’re unsure how
long you’ll be in your current area due to work, school, or family changes,
renting gives you the freedom of a short-term commitment.
Choosing the Path That
Supports Your Future
There’s no
one-size-fits-all answer when deciding between renting and owning. Both choices
can be great options depending on where you are in life. Reviewing your goals,
timeline, and financial comfort level can help point you in the direction that
best supports your next move.
If you’re exploring
homeownership and want to understand what’s possible for you, we’re always here
to help walk through your options.
Team Lasson is here to assist with
all of your home buying needs! If you’re
considering taking the leap into home ownership in the near future, we’re here
to help. Contact us today to explore
which loan program aligns best with your financial goals.
The first step in preparing for your big purchase is to get
pre-approved for a mortgage at Lake of the Ozarks. Visit www.yourlakeloan.com or
call us at (573) 216-7258 to get started today!
Michael Lasson
Senior Mortgage Banker
NMLS #: 493712
Flat Branch Home Loans – Team Lasson
2882 Bagnell Dam Blvd
Lake Ozark, MO 65049
Cell: (573)
216-7258
Email: teamlasson@fbhl.com
Website: www.yourlakeloan.com
**The
postings on this site are my own and do not necessarily represent Flat Branch
Home Loans positions, strategies, or opinions.
Flat Branch Home Loans
NMLS 224149. A Division of Flat Branch Mortgage Inc.
For more licensing
information, visit NMLSConsumerAccess.org
