Even though buying a home is the most expensive purchase most people will ever make, most people dream of owning their own home. Homeownership comes with many advantages, such as tax savings and building personal wealth through equity.

Owning a home does have benefits, but it also comes with responsibilities. Your home mortgage is not the only expense you need to consider – homeownership means other financial commitments such as repairs, home maintenance and taxes.

Information on Buying vs. Renting

Is homeownership right for you? by Freddie Mac

Buying versus Renting by Ginnie Mae

Owning vs. Renting by the Home Loan Learning Center

Can I Be a Homeowner? - information from the Kansas City Regional Association of Realtors®