Rent vs. Own
This shows a buyer the advantages of tax savings, appreciation, and principal reduction to lower the cost of owning a home.
It is suggested that both the buyer and agent agree upon a conservative, realistic estimated appreciation. Tax savings are based on the buyer's marginal tax bracket given to the agent.
Since maintenance would be handled by the landlord if the buyer were renting, an estimate of what might be reasonable maintenance is used.
This is not an offer of credit but is a general illustration of typical mortgage terms and concepts. Greg Shepard and Jack White Real Estate are not mortgage lenders. You should contact a specific lender to learn more about its mortgage products and your eligibility for such products. License: AK.18135