Choosing between renting and buying usually comes down to finances. If you’re unable to save a deposit or afford the cost of a mortgage, it makes sense to continue renting. While there may be fewer up-front costs to renting, in the long-term, paying off a mortgage generally puts you in a better financial position. Here are three reasons why buying a home can be a financially savvy move, as well as valuable tips for first home buyers taking the leap from renting to owning.
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