| Serving California If you are in another state, please consult your local agent. |
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When You Rent:
- The rent amount can go up
year after year. - You must follow the landlord
rues, like parking areas, after
hours noise, color of house
paint, etc. - You can not remodel, make
room additions, change color
of paint, etc. - The rent payment is due
exactly the same day every
month, or you could be
immediately evicted. - Your landlord can end the rent
contract at any time (after
giving you legal notice to
vacate premises). - Month after month you throw
away the money you pay in
rent, you don't get any financial
benefit for it. - If you have pets, in many rental
residences you are not allowed
to bring them with you. - You'll never get back the
money you have paid in rent,
compared to a home owner,
renting won't allow for any
equity earnings.
When you Own:
- A fixed mortgage payment can give
organize your finances. - You are free to remodel, make room
additions, add a swimming pool,
change the color of the walls, etc. - In an emergency you have a few
extra days to pay your mortgage,
usually 15 days, without affecting
your credit. - Month after month the payment
applied to your principal is equity
earned, and if on top of that the value
is increasing, it could mean
substantial earnings for you. - As home owner you can deduct the
interest paid on your house from your
income taxes. - You can have pets in your own home,
no need to deal with any landlord! - If necessary you can always
refinance to get money out to pay for
home additions or improvement, or
to pay for your kids college, start a
new business, buy a second (or
investment) home, travel or cover an
emergency expense. - Being a home owner make you and
your family proud.
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| Carmen Gutierrez Realtor & Mortgage Professional NMLS# 371488 D.R.E. Lic.# 01193488 |
| (909)477-1515 |