Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]

Some Highlights

• When you rent , you build your landlord’s wealth, your monthly payment depends on ever-rising rents , and you don’t benefit from home price appreciation .
• On the other hand, when you own your home, you build your own wealth , your monthly payment is locked in, and you benefit directly from home price appreciation.
• If you’re feeling the challenges of a competitive market , remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.