Remigio Ferrara

Private Mortgage Lender

Remigio Ferrara - NMLS ID #476380
Senior Loan Officer, McLean Mortgage Corporation

11325 Random Hills Road Suite 400 Fairfax, VA 22030
Website • Office: 571-419-6632 • Cell: 703-622-6999

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Time to Make the Leap? Rent or Own… You Decide

May 16, 2014 by Remigio Ferrara

Owning a home has several advantages over renting. The financial benefits can help you achieve your long-term goals and can only be experienced by making the leap to home ownership.

Renting

  • Tax Advantages: n/a
  • Investment: n/a
  • Inflation Protection: n/a
  • Security: n/a

Owning

  • Tax Advantages: Tax deductions can lower your monthly payment by up to 20% or more.
  • Investment: A 4.0% annual rate of gain can double the value of a home in 17 years while you pay down what you owe.
  • Inflation Protection: While your entire rent is subject to inflation, less than 25% of a fixed-rate mortgage payment can increase.
  • Security: No landlord to tell you when to move.

Or, just take a look at the numbers:

How inflation, tax and principal reduction effect rent and mortgage payments. Tax savings and principal reduction subtracted from monthly mortgage cost.

Screen Shot 2014-05-16 at 3.23.43 PM

Call me for a Free Homeownership Analysis for you or someone you know.

Filed Under: News

It is my desire to become your Lender for Life on the road to achieving your goals.

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Latest News & Articles

Owning a home has several advantages over renting. The financial benefits can help you achieve your long-term goals and can only be experienced by making the leap to home ownership. Renting Tax … Read More

Our Mission: Partnering with Real Estate Professionals At McLean Mortgage Corporation, we know that your utmost concern is to make sure your clients are well cared for. We have developed systems that … Read More

Remigio Ferrara

Senior Loan Officer, McLean Mortgage Corporation

11325 Random Hills Road, Suite 400
Fairfax, VA 22030

Website: www.mcleanlending.com/lo_rferrara.php
Office: 571-419-6632
Cell: 703-622-6999
NMLS ID #476380

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