Buying isn't always better than renting. It depends on how long you'll stay, local prices and what you'd do with the money otherwise.
Buying may make sense if
- You plan to stay at least several years
- You have savings for the down payment, closing costs and a cushion
- Your job and income feel stable
- The monthly cost of owning fits your budget
Renting may make sense if
- You might move in the next few years
- You're still building savings or credit
- Owning would stretch your budget
General educational information, not mortgage advice. Programs and rules change. Save More Haven isn't paid by any lender, broker or real estate agent.