Move from renting to owning. Buyers may be able to own a home for not much more than they're paying in rent. Check the chart below to see how quickly rent payments can add up. Maybe it's time for your clients to invest that money in something that lasts - a home of their own.
The after-tax cost of a home loan could be less than the cost of rent. That's because the interest portion of each mortgage payment may be tax-deductible. In most cases, property taxes are also deductible. Buyers should consult a tax advisor for details.
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