Buying a home is one of the most rewarding and satisfying things you will ever do. Your home will most likely be one of your biggest assets, and the biggest debt. Before you take on the challenge of owning a home, you need to make sure that you're clear about why want to own a home.
There are a number of factors you must consider when you are making this decision. Owning and renting are both great for their own reasons, read on to find out which option is right for you.
If you want to calculate how much your repayments will be, use our repayment calculator.
Despite the fact that you aren't building your net worth and equity, renting is still a great choice for some people as it offers freedom and flexibility that you don't get from owning.
If you want to calculate how much you can borrow with the rent you are paying, use our repayment calculator.