Stable Monthly Housing Costs:

If you rent a place to live, you can be certain that your rent will go up each year. And you are paying the landlord's mortgage. There is no appreciation, no equity build up from the rent payments.

If you get a fixed mortgage, you can predict your payments for the next 15 or 30 years of the loan term. Even with adjustable rate mortgages, the payments are capped with in a certain range for the entire life of the mortgage. But can you imagine what your rent will be in 15 or 30 years later?

Buying Vs. Renting, what are the benefits? Find out and try Ginnie Mae's Buy Vs. Rent Calculator.