Is it economical to rent rather than buy a home?
Choosing whether to rent or buy a home is one of the most significant financial decisions that you can make. For most people, buying a home presents improved privacy, control, and security. The choice is about personal preferences whose financial gain is insignificant. A mortgage is more complicated than rent is, thus making it challenging to determine a better deal between the two alternatives. However, no matter the prevailing conditions, buying a home is eventually more economical than renting.
Here are some of the reasons why you should buy a home!
Building Equity
For a mortgage, you will need to pay a huge down payment and monthly...