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As renters, when interest rates drop significantly, like they have been over the past several years, the question always arises, "should I be renting?". To answer that question, enter your financial picture below.
Renting
What are your current monthly rental payments?
How much are you paying monthly in Renter's Insurance?
Buying
If you were to buy a house, what price would you plan on paying?
How much of a down payment could you make?
Loan Term in Years
Interest Rate (Example: 4.25)
Additionally, take into consideration the benefit of being able to write off the interest and property taxes on your tax return and the build up of equity as you make your monthly mortgage payments and as home values rise.
For further information, please contact us a
Brockway Realty, LLC
.