Before committing to a mortgage, it's worth considering the pros and cons of renting versus buying. Let's have a look at them now. The idea that renting is throwing money away can be a misconception. You're getting a place to live and you're not paying interest on a home loan. When you pay a mortgage, you hope to eventually own your house outright, but there’s always a danger it won’t be worth what you’ve spent on it when it's time to sell. There are all sorts of hidden costs on top of your home loan interest like repairs, maintenance, council rates and insurance. Of course, there are, plenty of reasons why owning your own home is such an attractive prospect. Bricks and mortar are usually a
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