When considering buying vs renting a home, it is important to recognize that each case is different. You should seek personal professional financial advice for your specific situation. That said, there are several reasons that both from a financial and lifestyle point of view, owning might make more sense. Below are a few of the top reasons people buy instead of rent.
- You can take advantage of mortgage rates are at historically low levels. This means that the monthly cost to buy a home vs the cost of renting the same home make ownership much more attractive. Additionally, mortgage payments lock in at a fixed level where rental payments can rise (often as each lease or rental agreement is signed). Since the mortgage payment is the bulk of the