Benefits of Owning Your Own Home

Stable Monthly Housing Costs

When you rent a place to live, you can certainly expect your rent to increase each year ¡V or even more often. If you get a fixed rate mortgage when you buy a home, you have the same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for the entire life of the mortgage ¡V and interest rates aren¡¦t as volatile now as they were in the late seventies and early eighties.

Imagine how much rent might be ten, fifteen, or even thirty years from now? Which makes more sense?