Predictable Monthly Housing Payments

• You can expect your payments to stay the same until you refinance for a better rate.  As a renter, you are at the mercy of your landlord once your lease is up for rent increases.

Investment and Equity Implications

• Every month you make a mortgage payment on your home you are increasing your equity in your property.  Homes tend to increase in value over time.  Holding your home long-term is a good idea. Home prices rise with inflation, meaning that it's more likely to lock in profits.

Tax Advantages

• You can write off things like property taxes and mortgage insurance as a homeowner.

Customization of Living Space

• When you are renting, you have more limits to what you can change. Some examples could include upgrading kitchen countertops or cabinets.

Cost Savings

• On average, homeowners who keep properties for 7-10 years will have fewer housing expenses.