Is Renting or Buying a Better Fit for You? Take This Quiz to Find Out!
Should You Rent or Buy a Home?
Deciding whether to rent or buy a home is a big decision—one that depends on your lifestyle, financial situation, and long-term goals. There’s no right or wrong answer, but this simple exercise might help you find which option feels more aligned with where you are right now.
Take a look at the chart below and think about which options resonate more with your priorities:
What Do Your Answers Say About You?
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If you answered mostly A’s, homeownership might be the right option for you. It offers stability, the opportunity to build equity, and the freedom to create a space that’s truly your own.
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If you answered mostly B’s, renting might better suit your lifestyle for the time being. It’s ideal for those who value flexibility and want to avoid the responsibility of property upkeep.
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The Financial Factor: Finances
If you’re considering buying a home, the key question is: Can you afford it? While the benefits of homeownership are significant, it’s important to ensure that it fits into your financial plan.
That’s where Greenway Mortgage can help. Schedule a call to go over your finances and discuss whether you’re ready to take the leap into homeownership. Even if you don’t feel ready just yet, our Loan Officers can guide you through the steps to prepare for the future. 888-616-9885.
Before You Go...Try Our Rent vs Buy Calculator
Ever wondered what you could purchase for the amount you're spending in rent each month?
Use this ðªð®ð¢ðœð¤ ðœðšð¥ðœð®ð¥ðšðð¨ð« to see how your rent payment could look as a mortgage—ð™–ð™£ð™™ ð™ð™¤ð™¬ ð™–ð™›ð™›ð™¤ð™§ð™™ð™–ð™—ð™¡ð™š ð™¤ð™¬ð™£ð™žð™£ð™œ ð™¢ð™žð™œð™ð™© ð™–ð™˜ð™©ð™ªð™–ð™¡ð™¡ð™® ð™—ð™š.
ð˜žð˜©ð˜ªð˜ð˜¦ ð˜µð˜©ð˜ªð˜´ ð˜µð˜°ð˜°ð˜ ð˜ªð˜´ ð˜¨ð˜°ð˜°ð˜¥ ð˜§ð˜°ð˜³ ð˜®ð˜¢ð˜¬ð˜ªð˜¯ð˜¨ ð˜³ð˜°ð˜¶ð˜¨ð˜© ð˜¦ð˜´ð˜µð˜ªð˜®ð˜¢ð˜µð˜¦ð˜´, ð˜ºð˜°ð˜¶'ð˜ð˜ ð˜¯ð˜¦ð˜¦ð˜¥ ð˜µð˜©ð˜¦ ð˜¬ð˜¯ð˜°ð˜¸-ð˜©ð˜°ð˜¸ ð˜°ð˜§ ð˜¢ð˜¯ ð˜¦ð˜¹ð˜±ð˜¦ð˜³ð˜ªð˜¦ð˜¯ð˜¤ð˜¦ð˜¥ ð˜®ð˜°ð˜³ð˜µð˜¨ð˜¢ð˜¨ð˜¦ ð˜±ð˜³ð˜°ð˜§ð˜¦ð˜´ð˜´ð˜ªð˜°ð˜¯ð˜¢ð˜ ð˜ð˜ªð˜¬ð˜¦ ð˜Žð˜³ð˜¦ð˜¦ð˜¯ð˜¸ð˜¢ð˜º ð˜›ð˜¦ð˜¢ð˜® ð˜¢ð˜µ ð˜Žð˜³ð˜¦ð˜¦ð˜¯ð˜¸ð˜¢ð˜º ð˜”ð˜°ð˜³ð˜µð˜¨ð˜¢ð˜¨ð˜¦ ð˜µð˜° ð˜¨ð˜¦ð˜µ ð˜®ð˜°ð˜³ð˜¦ ð˜¢ð˜¤ð˜¤ð˜¶ð˜³ð˜¢ð˜µð˜¦ ð˜¯ð˜¶ð˜®ð˜£ð˜¦ð˜³ð˜´.
*With a fixed-rate mortgage, the monthly principal and interest payments are fixed. Changes to your taxes and insurance costs may cause your monthly mortgage payment to increase or decrease each year.
**2022 Survey of Consumer Finances
