I will most certainly prefer to buy the house with a monthly installment payment for it to renting the house that won't be mine to own. I love to stay in house that I own actually. Would really be a very interesting thing for me to achieve
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Well it is preffrrable to buy a property than rent. In as much as you have the finiancial capabilities why not buy rather than rent. You can actually sell also when the value increasesThe overall cost of homeownership tends to be higher than the overall cost of renting. That is true even if the monthly mortgage payment is similar to (or lower than) the monthly rent. Here are some expenses you'll be spending money on as a homeowner that you don't have to pay as a renter: Property taxes.
Renting does not overburden one with EMI payments, house tax and other legal issues that are part and parcel ...
So what will you prefer for living renting a house or buy a house on MI?
That is right. The more you pay your monthly installments the house will eventually become yours unlike rental where it will not be yours.As for me I think I will prefer monthly installment than renting a house because the more I pay the money the more the house becoming mine
I agree with you, paying installment you end up paying more, life is a gradual process is better you live in a rented apartment until you have money to buy or build your own houseI will prefer living in a rented home because on installment we have to pay almost double amount for a house.
I will live in a rented home and save money from my salary for some years and after that I will buy home with that money directly without any installment.
This is actualy the dream of any person who wish to own his own property.Because the package of instalmental payment is a very good mortgage plan,and that is a very good plan to be invovled in.I will prefer the buying of house by installment. I will endure all the pains of paying extra charges but will be glad that at the end of everything, the house is going to be mine. Renting a house doesn't make you the owner of the house even if you stay there for donkey years.
I will preferred paying instalment cos when am done with the payment is mine forever and renting it s by working for the ownerThe overall cost of homeownership tends to be higher than the overall cost of renting. That is true even if the monthly mortgage payment is similar to (or lower than) the monthly rent. Here are some expenses you'll be spending money on as a homeowner that you don't have to pay as a renter: Property taxes.
Renting does not overburden one with EMI payments, house tax and other legal issues that are part and parcel ...
So what will you prefer for living renting a house or buy a house on MI?
It pays me to rent a house first that paying installmentaly because once I default my money is a waste and the house is gone so I lose and they win.The overall cost of homeownership tends to be higher than the overall cost of renting. That is true even if the monthly mortgage payment is similar to (or lower than) the monthly rent. Here are some expenses you'll be spending money on as a homeowner that you don't have to pay as a renter: Property taxes.
Renting does not overburden one with EMI payments, house tax and other legal issues that are part and parcel ...
So what will you prefer for living renting a house or buy a house on MI?