Can we afford to own?

Payments we do on a monthly basis might be cheaper. Unfortunately, there’re more things to pay for. Some aspects might make us believe that renting is a better alternative. Of course, the first thing to consider is how much money you need to save to make a deposit. Large deposits mean that the repayment will be lower. A person can apply for a lower mortgage rate, but, since houses cost lots, even a ten per cent mortgage will make you pay big money. Once you become an owner of a house, you become responsible for its maintenance. You’ll be the one to pay for leakages and broken stuff.