Rent VS Own – Built in Saving Account for Principle payment
Published 2 months ago
Basically every conversation is that their rent continues to increase significantly.
So I thought I will prepare the topic of renting vs. buying even in this high rate market.
There's three ways to accumulate wealth with real estate.
First one is through principle you are paying toward your mortgage.
Breakdown of your mortgage payment consists of principle, interest, tax and insurance sometimes PMI.
it’s like having a built-in savings account .
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