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January 17, 2018
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Why Rent 2018

Why Rent When You Can Buy a House in 2018?

This Blog written by Bill Burg, January 17th, 2018

Renters: Why Rent When You Can Own a Home?  The Pros and Cons!

Even with Poor Credit you can use with your First Months, Last Month and Security Deposit, and possibly be buying Your home and not making someone else richer!


  • RENTING: No Potential Tax Deductions
  • No Return on YOUR Money
  • Potential Issues with Your Landlords
  • Potential Lease/Rental Agreement Hassles
  • Limits the Type and Number of People You Consider Family
  • Not Always Pet Friendly
  • You CAN NOT Change Your Home to Your Hobbies
  • Parking is Limited


  • You Get to Choose Where You Live
  • Your Equity in Your Home is Building Up
  • Potential Tax Deductions
  • It’s Your Home, not a profit inspired Landlord.
  • You Choose Your Family Size
  • You Choose the Your Pets
  • You Potentially Can Add On Change the House To Your Families Needs
  • Parking is Limited Only by the Deed Restrictions and/or Garage Space


You May Already Quality and Not Know It?

We have discussed the many advantages of owning versus renting on previous blogs.  Every renter that has the capacity to own their own home should seriously compare buying a home versus renting.  With home ownership comes with responsibilities such as maintaining the home and not being able to move in a moment’s notice, but in the long term, buying is more stable and puts equity into your life.  Not only is the home the single more important purchase, but it is usually the single more important investment and retirement money.

.  Most renters believe that buying their first home is more difficult than it really is.  If you have a job, have established some basic credit and can afford a rental apartment or home, you should qualify to be a homeowner.

You would be shocked at home many times; my customers have discovered that their your monthly mortgage payment can be lower than your monthly rental payment.  That extra is called profit to the landlord.  Why rent when you can own a home?  There are many reasons.  In most cases the advantages typically outweigh the disadvantages. Besides, when you come home to your home and sit in your most favorite comfy couch, next to family and/or pet, can you just image the pride and joy of owning your own home.

Why rent when you can own a home? Your Equity, Not Just a Landlords Retirement Plan!

As a homeowner, you build equity in your home every time you make a monthly mortgage payment.  Part of the monthly payment goes towards principal and as you make future mortgage payments, the overall balance of your mortgage loan will be going down, month after month.   Over time, Home values have steadily been increasing, even after adjustments for economic down turns. Overall and most cases, buying a home now can be rewarding in the foreseeable future if homes continue to appreciation in value.  Not all areas are the same, but buying a home can be one important part of your retirement future.

Why rent when you can own a home?  It’s Your Money, Use It to Your Advantage!

By Renting, you are just paying a monthly fee for the rights to use of the apartment or home for a limited used and limited period.  You don’t even get to choose your neighbors, they come and go and change, just a little too often sometimes.

This rent money is just an expense and can never be recovered. It goes away, just like the rest of the utilities.  When you buy your home, the mortgage payment, the principal portion of the mortgage payment reduces the loan amount, each month.

In most cases, we have found that by combining the security deposit needed to rent a home, first months, and last months deposits, that you may ore may not get back, can be used towards the purchase price of the home.  For a FHA insured mortgage loan, a home buyer only needs 3.5% of the purchase price for a down payment.  There are closing costs, but the closing costs can be covered by the mortgage lender as a higher mortgage rate or via seller’s concession.  For those with excellent credit, they can qualify for a 3% down payment conventional mortgage loan.  Just add up what renting cost you in total, you would be surprised.

Get Qualified for a Home Loan, Today as a First-Time Home Buyer.


If you are a renter and are interested in being a first-time home buyer, please contact me at There is no cost for a consultation and I can qualify you for a mortgage loan.  We can go over what the maximum home mortgage loan you qualify for and what your monthly payments will be as well how much money you will need to purchase a home.


Thank You for considering USA Mortgage for your next loan and promise to strive to help make your business grow in the upcoming years to come.  Your time and Real Estate business is important to us, so give me a shout at:

Bill Burg USA Mortgage


We specialize in multiple types of home loans including First Time Home Owners, Conventional, FHA, VA and Multi-unit and Condotel loans.  If you have any questions please, contact Bill at 941-444-0010 or text Bill Burg on his cell for faster response at 941-444-0010. You can also email us at or you can see more blogs and start your application at

Bill Burg is a 3-time Author in teaching others about the Financial and Real Estate Business.  He is an experienced Senior Mortgage Loan Officer with USA Mortgage and USA Mortgage is one of the few banks that have a business model of success without Bank Overlays.  Overall, he has invested that last 13 years helping hundreds of families and investors achieve the dream of home ownership.

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