My little rants on home equity loan
Being a homeowner instead of a tenant has some psychological components, as well. As a renter, you would not be able to make changes to the property like you would if you owned it. And you may not be able to stay as long as you like. There are more financial burdens that come with being a homeowner, but you will accumulate equity when you make your home mortgage payments and you do not have to answer to a landlord. Some analysts predict that interest rates on a home mortgage will stay low throughout 2009.