Home Financing Solutions – Rent or Buy?
Is it more cost-effective to rent or buy a home? The answer, of course, depends on your unique situation. Do you have money saved for a down payment on a home and to pay some of the other costs involved, such as closing costs, real estate taxes, and insurance? Do you have the money to pay for home repairs and maintenance? When you rent, your landlord covers those costs.
Though it may require more money and financial responsibility, owning a home may come with advantages; the possibility
to build equity and a valuable asset that may enhance
your financial future.