Owning a Home Helps Protect Against Inflation
& rdquo; Unlike rents, which tend to rise with time, a fixed-rate home loan payment is foreseeable over the life of the home loan (usually 15 to 30 years).:
< img alt=""data-image="https://images.squarespace-cdn.com/content/v1/5b9ada8b2714e5f76f88a8a3/71a16137-bf0b-45c0-b9ab-4a452dfaad42/rents-increase-with-inflation-most-years.png"data-image-dimensions= "1000x750"data-image-focal-point="0.5,0.5"data-image-id="646e2ee9e02a246ccabf87d3" data-image-resolution ="1000w"data-load="false" data-src ="https://images.squarespace-cdn.com/content/v1/5b9ada8b2714e5f76f88a8a3/71a16137-bf0b-45c0-b9ab-4a452dfaad42/rents-increase-with-inflation-most-years.png" data-type =" image "src="https://images.squarespace-cdn.com/content/v1/5b9ada8b2714e5f76f88a8a3/71a16137-bf0b-45c0-b9ab-4a452dfaad42/rents-increase-with-inflation-most-years.png?format=1000w"/ > A fixed-rate mortgage allows you to protect yourself from future rent enables. With inflation still high, when your rental contract comes up for renewal, your home supervisor might choose to increase your payments to offset the effect of inflation. Here & rsquo; s why. & rdquo; Unlike leas, which tend to increase with time, a fixed-rate mortgage payment is predictable over the life of the home mortgage (typically 15 to 30 years).:
< img alt=""data-image="https://images.squarespace-cdn.com/content/v1/5b9ada8b2714e5f76f88a8a3/71a16137-bf0b-45c0-b9ab-4a452dfaad42/rents-increase-with-inflation-most-years.png"data-image-dimensions= "1000x750"data-image-focal-point="0.5,0.5"data-image-id="646e2ee9e02a246ccabf87d3" data-image-resolution ="1000w"data-load="false" data-src ="https://images.squarespace-cdn.com/content/v1/5b9ada8b2714e5f76f88a8a3/71a16137-bf0b-45c0-b9ab-4a452dfaad42/rents-increase-with-inflation-most-years.png" data-type =" image "src="https://images.squarespace-cdn.com/content/v1/5b9ada8b2714e5f76f88a8a3/71a16137-bf0b-45c0-b9ab-4a452dfaad42/rents-increase-with-inflation-most-years.png?format=1000w"/ > A fixed-rate mortgage allows you to protect yourself from future rent hikes. With inflation still high, when your rental agreement comes up for renewal, your home supervisor might decide to increase your payments to balance out the effect of inflation. A steady housing payment is particularly essential in times of high inflation.
