To rent or to buy? If that is your question, then I have some answers for you. Renting can be a good choice if your rent is very low or you're considering moving in a few years. But more often, the benefits of buying outweigh renting on many levels.
Buying a home lets you lock in your monthly payment for 15 or 30 years. And while your home generally grows in value over time, rent payments typically increase each year. When owning a home, once the loan is paid off, you're free of mortgage payments. Another advantage to buying may include deducting mortgage interest on your income taxes. Consult with your tax advisor.
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