Episode 61: Rent or Own? The Truth Explained

Buying a home or continuing to rent? It’s not as simple as one being better than the other—and in this episode of Wallet Wisdom, we break down why. Brett sits down with Jake, Vice President of Regional Mortgage Production at LMCU, to unpack one of the biggest financial decisions many people face: owning vs. renting. Jake shares an honest, practical perspective shaped by years of helping members navigate homeownership. His biggest takeaway? It’s not a competition. The right choice depends on your life stage, financial situation, and long-term goals. From rising interest rates to common myths about down payments, this episode clears up confusion and gives you a realistic look at what it takes to step into homeownership—when the time is right for you. --- The information provided in this podcast by LMCU is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMC...