Apply for Mortgages Online

There are many advantages of purchasing property compared to renting.
First of all, in the long run (approx. 5 years), you could make money. While paying rent, you aren’t making any investment; you are giving money to the property owner for the right to live at their property. As an owner, your property value increases (for the most part, in some cases, property value decreases). So, as you pay off more and more of the mortgage, while your property value increases, you make more money back. Let’s say you purchased a home for 100 000$, and your property value increases at 5% a year. After five years, your home could sell for 126 000$. If you rented, that is 26 000$ you will never see.
Second, as a renter, your choices are limited in terms of decoration. You cannot paint the walls, remove the carpets, make rooms larger or smaller, plant a garden (if in an apartment), install a second bathroom, put a bowling alley in the kitchen, etc. As a property owner, the choices you make in terms of design are your own. You could add any one of these aforementioned things. Heck, you could even tear the whole place down and start from scratch. Furthermore, any major addition you make to the home could further increase its value on top of property value increases.
The bottom line is this: as an owner, you’re in command. It may cost more, but you get more back in the long run. Anything you do to the property is yours to do, barring any local by-laws. As a renter, the owner of the property has the say in what goes and what doesn’t. And, they get all the financial benefits.