There are 4 things to consider before deciding to rent a home:
1. More Stable Housing Costs
- Rent payments can be unpredictable and typically rise each year, but most mortgages remain unchanged for the entire loan period.
2. Debt Consolidation
- If you need to, you can refinance a mortgage loan to refinance other debts.
3. Equity
- Instead of payments disappearing into someone else’s pocket, homeowners are building equity in their own home. This is often one of a person's biggest investment assets.
4. It’s Your Home!
- You have the freedom to decorate and landscape as you wish. You can have pets! And there is no one popping up from time to time who has the power to evict you.
Don’t Throw Your Money Away!
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