The Blessings of Homeownership!

There is good debt, and there is bad debt. Owning a home is considered good debt. I can think of many advantages to owning a home, but I can also think of some advantages to renting. Some of the benefits of renting, you are not responsible for maintenance of the residence, and you are required to put down a lesser amount of money as a down payment in order to move in. Additionally, if your circumstance changes you do not have to be concerned about selling the home before you move.