Renting vs Owning
Buying a home for the first time can be one of life's more daunting experiences. If you have been debating about whether or not you should continue to rent or take the plunge and buy a home, here are a few facts to consider when weighing your options.
Owning is MORE affordable long term - If you are only going to live in the house for one or two years, it makes sense to rent, however if you plan to live there for awhile it makes financial sense to buy.
Date the rate and marry the home - Don’t worry so much about the interest rate on your mortgage as there are many ways you can try to lower your month payment.
Click the link below to review a current analysis from the market today on buying a home vs renting. For this example, I took a home priced at $1,000,000 and I am going to walk you through the cost of buying vs renting over 9 years.