Renting vs. Owning

Home Ownership has many benefits, but many first time buyers don't realize the long-term savings that can result from home ownership.

Have a look at the scenario on the right which compares a $1,200 monthly rent to a property purchased for $300,000.

Even though the monthly payments would be slightly higher on the mortgage than in the renting scenario, the savings over the first 7 years are over $50,000!

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