3. Either Way, You Are Paying a Mortgage There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you? #bawseassociatesllc #bawse #hugosellanj #hugobawse #topagent #topprodrucer #elizabethnj #rahway #roselle #cranfordnj #scotchplains #kunversion #fisbo #firsttimehomebuyer #renters #spring #motivated #cultureestate