• Home
  • About Us
  • Careers
  • Contact Us

Intercity State Bank

Relationships Built On Trust

Online Banking non-IOLB

Online Banking
IOL-B
Enroll Now
Forgot Password/PIN?
  • Personal
    • Checking
    • Debit Cards
    • Savings
    • Borrowing
    • Mortgages
    • Mobile Banking
    • Online Services
    • Switch Kit
    • Other Services
  • Business
    • Checking & Savings
    • Loans
    • Online Banking
    • Other Business Services
    • Business Start-Up
  • Resources
    • Rates
    • Lost or Stolen Card
    • Annual Credit Report
    • Secure File Upload
    • Wire Transfer Instructions
    • Leisure Club
    • Reorder Checks
    • Alerts & Scams
    • Frequently Asked Questions
    • Calculators
    • Mortgage Tools
    • Schofield Renovation
  • About Us
  • Careers
  • Contact Us

Rent vs. Own

April 2, 2012 By Ginny Sauer

When it comes to a house, should I buy or rent?  It all depends on your personal circumstances, but there are three important questions you may want to ask yourself before you make your decision:

Can I afford to buy a home?  When considering the costs, it’s important to remember that in addition to the monthly mortgage payments of principal and interest, there are taxes, homeowners insurance, and ongoing costs to maintain your property.    

How stable is your job?  It’s a good rule of thumb to plan on being in a home for at least five years to make it worth the down payment and closing costs.  Do you feel confident you will continue to be employed for at least 5 years?  With our current weak economy, it may be unsettling to face potentially being unemployed and having a mortgage.  If you choose to rent, you would have the flexibility of moving if needed.

What is your credit history?  Financial institutions and landlords both check your credit, so it’s a good idea to be aware of your credit standing as it will be a factor in determining if you qualify for a home loan or lease. 

After answering these questions you should come away with a clearer sense of whether to buy or rent.  Always feel free to contact one of our  friendly mortgage lenders: Michelle Knopf, Julie Jacobson and Tracy Engman.

Filed Under: News

Schofield Office
962 Grand Avenue
Schofield, WI 54476
p: 715-359-4231
f: 715-359-7700

Lobby
Monday – Thursday: 9:00am – 5:00pm
Friday: 9:00am - 5:00 pm

Drive-Up
Monday – Thursday: 7:30am – 5:30pm
Friday: 7:30am -5:00pm

View All Hours
Weston Office
2900 Schofield Avenue
Weston, WI 54476
p: 715-359-4920
f: 715-355-4686

Lobby
Monday – Thursday: 9:00am – 5:00pm
Friday: 9:00am - 6:00pm

Drive-Up
Monday – Thursday: 7:30am – 5:30pm
Friday: 7:30am – 6:00pm
Saturday: 7:30am – 12:00 pm

View All Hours
Wausau Office
3600 Stewart Avenue, Suite A
Wausau, WI 54401
p: 715-241-0400
f: 715-241-0450

Lobby
Monday – Friday: 9:00am – 5:00pm


Drive-Up
Monday – Thursday: 7:30am – 5:30pm
Friday: 7:30am – 6:00pm
Saturday: 7:30am – 12:00 pm

View All Hours
Member FDIC
  • Contact Us
  • Disclosures
  • Social Media Guidelines
  • Privacy Notice

Copyright © 2023 · Enterprise Pro Theme on Genesis Framework · WordPress · Log in