Should you rent or buy?
More and more people are renting, but there’s never been a better time to buy. So, what should you do? Mortgage rates continue to move closer to historic lows, making buying a home an attractive investment for those that qualify. And if you’re professionally and financially stable right now, becoming a first-time homebuyer could be worth your while. In many communities, buying a home is less expensive than renting. But like all trends, expect a shift here as well. So if you’re looking for the lowest rate possible you’d better act fast.
Meanwhile, rent prices continue to rise around the country. So why rent? Maybe you want to experience life in the city, live in a condo and take mass transit to work before starting life in the ‘burbs. Thinking about relocating to another city or state? Not looking for a long-term financial commitment right now? Renting could be the right option for you.
Here are some tools to help you make a decision:
Use this calculator to figure out the fees, taxes and monthly payments
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