See How The Rent Piles Up
The chart below shows how the rent you pay each month piles up over time. You won’t experience any return on this money. However, when you own a home, the principle you pay on a mortgage builds equity in your investment.
|Rent||5 Years||10 Years||20 Years||30 Years|
Your equity will build slowly, but in the end you have a home of your own.
What are the benefits of home ownership?
We’ve got a great list to get you started in understanding the value of owning a home.
Don’t think you have enough of a down payment?
The State of Texas has programs that will help you with a down payment!