North State Bank Sales Support Collateral as of June 2025

Own or Rent?

Rent Enjoy: Shorter-term commitment. Easier and less expensive move or relocation, if necessary. No- to low-maintenance costs. Less expensive insurance. And consider: You are not building equity. There is no tax bene fi t. Rent can, and usually does, increase, so your cost of housing is not stable. Pet ownership is often more expensive or di ffi cult.

The answer is not one-size- fi ts-all. Both renting and owning have advantages and disadvantages, and the only real “answer” is to carefully consider what is best for you. The following gives you a few things to think about as you look at your situation.

Own Take advantage of: Increased equity with each payment. Annual tax break based on the interest paid. Stable cost of housing, with a fi xed interest rate mortgage. Ability to customize your home as you like. And remember: It’s a longer-term commitment. Your home can lose value.

Maintenance costs are “on you.” You’ll pay taxes and insurance.

Paul Suber Assistant Vice President Mortgage Loan O ffi cer West Raleigh 919.645.6780 (O) • 919.593.5599 (M) PSuber@NorthStateBank.com NMLS# 90499

The content of this fl yer is provided for information only and does not constitute a commitment by North State Bank to extend credit. All loans are subject to credit approval. You must apply and qualify. Information is subject to change without notice. Consult your tax advisor for information regarding the deductibility of interest and charges. November 2022.