Can I really own a home for what I pay in rent?

Can I really own a home for what I pay in rent?

John Caliendo (Realtor) gives expert video advice on: What are some of the benefits of owning a home?; What are some of the drawbacks of owning a home? and more...

With regards to buying a house, you can absolutely own a home in relation to what you are paying in rent. The biggest obstacle facing most home buyers when buying a home is getting past that initial down payment. If you can get past the down payment, very often your monthly mortgage for a home is the same as when you were paying rent.