Should You Rent or Buy? - - Tulsa, OK - News, Weather, Video and Sports - |

Should You Rent or Buy?

You've heard it over and over - it is better to buy property than to rent property. This for two large reasons:

  • You will be building equity rather than putting money into nothing tangible and

  • In order to encourage Americans to be homeowners, the government has made the interest that you pay on your mortgage tax-deductible.

However, the costs associated with owning a home certainly are not cheap and you may not even be in a position to buy something as nice as you could rent at the moment.

This calculator compares the costs and savings on your current rent versus the home you are looking to buy to determine which move is right for you in your present state.

INFORMATIONAL DISCLAIMER The information contained on or provided through this site is intended for general consumer understanding and education only and is not intended to be and is not a substitute for professional financial or accounting advice. Always seek the advice of your accountant or other qualified personal finance advisor for answers to any related questions you may have. Use of this site and any information contained on or provided through this site is at your own risk and any information contained on or provided through this site is provided on an "as is" basis without any representations or warranties.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.