This article originally appeared on Noozhawk and is reprinted here with permission from the author.
This week I wanted to give my readers who are renters a simple reminder about all the reasons why homeownership is a good idea.
1. Paying off a mortgage over time: I think all renters can agree that it really hurts knowing you pay a large amount of money in rent every month and that you will never see that money again. Conversely, with most mortgages, a portion of your monthly payment is applied to reducing the principal balance itself and the other portion is an interest payment.