If you’re a first-time homebuyer in Puyallup, you’ve probably run the mental math more than once: rent is lower than a mortgage payment, so isn’t renting the “safer” choice? It’s a fair question — and the honest answer is that the monthly payment is only part of the story. To actually compare the two, you need to factor in what happens to your money over time: home appreciation, the equity you build through your loan paydown, tax benefits, and how rent increases every year while a fixed-rate mortgage payment doesn’t. [Read more…]