Whether you are renting or owning your own home, you are likely paying a mortgage. The difference is whether you are paying for your landlord’s mortgage or your own mortgage.
Buying your own home puts you in a better long term financial position, plus it lets you be in the driver’s seat with how you create your nest. Whether you want bold paint colors, or relaxing outdoor living spaces, or a fence for a dog, if you own where you live, you get to make decisions about your personal space without having to get a landlord’s permission.
Infographic: Renting vs Owning