CHI


 

Rent vs. own

Owning costs more than renting. I’m sure I can’t afford it.

In many cases, the monthly cost of owning a home may be equal to what you’re currently paying in rent. Owning and renting both have their own shares of pros and cons, so weigh each item carefully when making your decision. Sure, monthly mortgage payments also include homeowners insurance and taxes, but there are also many advantages and benefits! After speaking with a mortgage consultant, create a sample budget and list the possible associated costs with each option.