REGIONAL Federal Credit Union: Owning a home offers many advantages over renting

By: Regional Federal Credit Union Last Updated: July 31, 2020

Deciding to make the move from renting to owning? Many renters don't know how easy it can be to purchase a new home! With mortgage rates at historic lows, your monthly payment could potentially be less than what you are currently paying in rent. If you want a change of scenery, more space, or owning a home is a great way to start!

  • Homes typically increase in value, build equity and provide a nest egg for the future.
  • Fixed-rate mortgage costs are predictable and stable, compared to the costs of renting that can change over time.
  • The interest and property tax portion of your mortgage payment is a tax deduction.
  • There’s pride in homeownership, which also closely ties you to your community.
  • Greater privacy and the freedom to create the home you want!

We offer a wide range of mortgage programs that make owning a home affordable, contact us if you have questions or if you're ready to become a homeowner!
To get a personalized rate quote, submit an application or follow your loan application while in process, please visit