Renting vs. Owning the National Homeownership Month Edition
June is National Homeownership Month and there is no better time to look at the long-term financial benefits of owning a home compared to renting. As a mortgage professional, I often speak with clients who are unsure whether to keep renting or make the leap into homeownership. The decision can feel overwhelming, but when you break down the numbers and look at the bigger picture, the advantages of buying a home are clear. Monthly Payments Are an Investment Not an ExpenseWhen you rent, your monthly payment goes straight to your landlord. You are covering their mortgage, not building anything for…