Renting vs Buying: Which Is Right for You?

There is no one right answer. The best choice depends on your finances, your plans and the kind of lifestyle you want.

When renting makes sense

• You may move for work in the next few years.
• You want flexibility and fewer maintenance responsibilities.
• You are still building savings for a down payment.

When buying makes sense

• You plan to stay in the area for five years or more.
• You want to build equity and have more control over your home.
• You have a stable income and savings for upfront costs.

Talking to an agent and a mortgage professional can help you compare the real monthly costs side by side.