When you are paying for your home vs rent, you will have the house after the 30 years. You will be mortgage-free by the time you retire. You will have something to give to your kids after you die.
Plus the rent always goes up. When you have the fixed rate mortgage, you will still pay the same (or maybe only a few dollars more every month because of the tax and insurance), and the 1500 you pay now every month seems like a lot now, but 20 yrs from now it won't be much, and I think it will be cheaper than to rent a similar place.
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MONEY SAVED IS BETTER THAN MONEY EARNED
Why?
Because You Don't Pay Tax On It !!!
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