Considerations

To buy or rent can be a difficult decision. Consider your financial situation and long-term plans. If you decide to buy, your monthly payments, also known as mortgage payments will be investment in equity, over time you would get the money back if you decide to sell the property, you can also borrow against the equity you have built on the property. If you rent, the monthly payments you make will be just that, for the use of the property. You won’t get the monthly payments back if you decide to move and you cannot borrow against it.