Consumer Tips

Your Guide to Buying vs. Renting

There are many benefits of home ownership, but is it right for you? Learn why purchasing a home may be beneficial to you.


Why Buy? Here Are Some Reasons

Create the Home You Want

With no landlord to answer to, you can build your house into the home of your dreams. There's no need for anyone else's approval or permission.

Deduct Interest on Your Taxes

Unlike rent payments, the interest you pay on your mortgage may be tax-deductible. You may also be able to deduct home equity debt and real estate taxes.

Keep Your Monthly Payments Low

You can find a mortgage whose monthly payment won't go up as the market fluctuates, whereas your rent is typically raised or adjusted each year.

Build Your Equity Every Month

When you purchase a home, you're making an investment in your future. Each mortgage payment you make increases your equity in the house.

Ready to Take the Next Step?

Call us today. We're happy to help find out if you qualify, and there's never any obligation.

Visit unionplusmortgage.com or call 855
UNION 53 (855-864-6653) to talk to a loan officer.

 

Union Plus Mortgage Company

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Rent estimate based on 0.7% of property value. The payment on a $250,000 30-year Fixed-Rate Loan at 4.75% and 85.00% loan-to-value (LTV) is $1,421 with 0 points due at dosing. The Annual Percentage Rate (APR) is 4.85%. Rates effective as of 2/28/18 and subject to change. Taxes and insurance premiums estimated based on national averages. The actual payment amount may vary. Some state and county maximum loan amount restrictions may apply.

The AFL-CIO, Union Privilege and a group of unions own Union Plus Mortgage Company and will benefit if you get your loan through the company. However, you are not required to use Union Plus Mortgage for your loan and are free to shop. For your Affiliated Business Arrangement Disclosure Statement, please visit https://www.unionplusmortgage.com.

Union Plus Mortgage Company has a services agreement with Union Privilege in which Union Privilege receives a financial benefit for providing agreed upon services. The NMLS Consumer Access Website is: http://www.nmlsconsumeraccess.org

NMLS Number 1561829

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