Rent or Buy—What’s Right for You?

Maybe you already know if you plan to rent or purchase a property, or maybe you’re trying to figure out the best option—either way, the more educated you are, the better move you can make.

Renting may be an option if you:

  • Plan to move around and don't want to be tied to one location
  • Don't have the funds for a down payment and closing costs
  • Can't afford the potential maintenance costs of owning (repairs, lawn care, etc.)

Buying may be an option if you:

  • Plan to stay in one location
  • Want to build equity over the long-term
  • Have funds for a down payment and closing costs
  • Want the potential tax advantages (check with a tax advisor for details)
  • Can afford the maintenance costs of owning (repairs, lawn care, etc.)

Visit our Decide What’s Right section to find comparisons between the short and long-term costs of renting and buying, and other information to consider in weighing these housing choices.

BEWARE

SCAMS

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

FIND OUT MORE

FAQ

ANSWERS

Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

FIND OUT MORE

GLOSSARY

TERMS

Visit our glossary of key terms to increase your understanding of the foreclosure options available.

FIND OUT MORE