Equity Building: Mortgage payments build your equity, unlike rent which offers no ownership benefits.

Appreciation: Home values typically increase over time, providing potential profit when you sell.

Tax Benefits: Homeowners can deduct mortgage interest and property taxes, reducing taxable income.

Stable Housing Costs: Fixed-rate mortgages ensure consistent payments, while rent can increase yearly.

Forced Savings: Paying a mortgage helps build wealth over time, unlike rent which does not contribute to personal assets.