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You only need a security deposit and the first month's rent to move in.
Real estate generally increases in value over the long term.
Your monthly mortgage payments act as a forced savings account, building ownership over time.
Property values can decrease, and unexpected major repairs can strain your budget. 🔑 Renting a House
Your monthly payments go to the landlord, and you earn no return on that money.
A fixed-rate mortgage ensures your monthly principal and interest payments remain the same for decades.