2023-09-24 07:15:13
The great advantage of leasing for those who buy is that tax ownership of the home belongs to the bank and therefore you can gradually add to the assets what you are paying in capital, what happens is that this is an advantage that only for profiles very specific, it really has an impact on taxes, it has other marginal advantages such as that the mortgage constitution is not paid in the deed and that it normally has a rate half a point or one point below the mortgage loan
For the bank it has several advantages, since it is the owner and you are the tenant, it is very difficult to sell that portfolio (almost impossible) then you are married to the bank for the entire credit and for that reason they are not going to lower your rate, additionally since what you pay is technically a lease, if it hangs up then the bank keeps the property and you are left with nothing, while in a mortgage the process is more complex
The truth is that at some point I had a lease and from my experience I would not recommend it, it seems better to me in mortgage, especially now that the rates are high and thinking in the future that they could go down and be able to sell the portfolio
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