3. You can use, Decorate, make physical changes and enjoy your home as you see fit.
3. You must get permission to make any changes to your dwelling.
4. You may build a larger equity as your home appreciates in value and your balance is lowered because the monthly payments reduces your loan balance not someone else's.
4. You have no equity build up. Your monthly payment is gone.
5. You are not at the mercy of someone else. You can stay as long as you wish.
5. You can be evicted anytime for lot of reasons.
6. Your house will become a home, not a temporary living situation.
6. Your living situation is always a temporary living situation.