“Whether you rent or own, you have to cover someone’s mortgage costs.”

 

 

Some Highlights:

  • Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
  • Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
  • Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

 

To view original article, visit Keeping Current Matters.

The Truth About Down Payments

The Truth About Down Payments

Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.

read more

Pin It on Pinterest

Share This