Rent Vs. Own

It seems that for people with long-term plans, the rent vs. buy equation is tilting heavily toward buying. In the current economy, homes are undervalued in many areas and their affordability is at record highs dating back to 1970. On the other hand, rents continue to rise. Furthermore, there are tax benefits for buyers and mortgage rates are really low.

However, the answer of buying vs renting is different for everyone. Be sure to consider your personal factors and long-term goals.

When you get that urge to buy a house, the first thing to do is step back and ask whether it makes more sense to keep renting for a while. 

Get approved by a lender to know how much loan can you afford, comfortably! For further information on buying a property, check out my Home Buying Resource Center.

 

 

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