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Rent Vs Installments

Mostly, a newly working or low-income individual prefers to rent a house. However, they neglect looking at the same thing from a different viewpoint, they don't realize they should spend the same amount as the installment of the home loan and ultimately become the owner of it.

However, Down Payment is the biggest challenge that comes in the way of this. Arrangement of the down payment is daunting for any newly working individual, as it required a large amount of capital. But thankfully HomeCapital has come up with a program called Home Down Payment Assistance, in which they provided up to half of the total amount of down payment which we can repay gradually in the next twelve months and the best thing about it is we are not charged interest for the same.

submitted by /u/sumitverma101
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source https://www.reddit.com/r/RealEstate/comments/mg8t6g/rent_vs_installments/
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