Rick Eiseland Real Estate

Rent vs. Own

Rent or buy this house.

Talk to any homeowner and you will hear the benefits of owning a home. Your landlord would probably say the same thing — though maybe not to you.

Let’s say you are currently spending $1,100.00 each month in rent. You could spend the same amount of money in principal and interest (P&I), taxes and insurance and be living in a house you purchased for $150,000 with no money down. There are currently loan programs that will provide you with up to 100% financing and even allow you to roll closing costs in to the loan. In some cases you can qualify for this loan with a gross income of $40,000 per year.

Maybe you are renting because you only plan to live here a couple of years. Not only do we have low down payments, we can give you a short-term fixed interest rate which will drastically lower your payment as opposed to a 30 or 15 year fixed loan. This allows you to build equity in a short period of time — all the while enjoying the benefits of owning your own home.

Homes to rent or own.
Townhomes
Lofts