Choosing between buying and renting depends on various factors, such as your long-term plans, finances, and stability.

• Advantages of buying:
  • Appreciation: Homes often increase in value, providing potential financial gain.
  • Ownership: You build equity in your property as you pay off your mortgage.
  • Security: With a fixed-rate mortgage, your payments remain stable, unlike rent, which can increase.
  • Tax benefits: Mortgage interest and property taxes are usually deductible
• Advantages of renting:
  • Renting can be a stepping stone to saving for a down payment.
  • You can establish your credit and work on building a stable employment history, which improves your chances of mortgage approval.