When to Stop Renting and Purchase Your Own Home

This is the same old question that renters consistently ask themselves. The monthly payment on a mortgage which has reached to about the same figure as rent payment nowadays has become a motivating factor for many to seek home ownership. Seemingly, if the amount of the rent, when added up, extensively exceeds the cost of buying a home; that is one key indication that it may be time to stop renting and explore the option of buying your own home.

Consider these four cases. It may truly be time to give your landlord notice that you are soon going to buy a home you can call yours.

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