| If you are in the position of being a first time home | | | | rate APR loan is preferable if the interest rates are |
| buyer in this economy, you may be stuck in a | | | | low because the amount of your loan payment will |
| quandary. With a depressed real estate market, is it | | | | never change. However, an adjustable APR loan will |
| better to rent or own a home? Before you make this | | | | fluctuate with time. If interest rates are high, you may |
| important choice, there are a few factors you should | | | | have lower payments when they go down. But on the |
| consider. After going over these points, you should be | | | | flip side, your payments will increase when the rates |
| in a better position to make this life changing decision. | | | | go up as well. |
| The biggest issue for most people when it comes to | | | | If the rental cost is cheaper, you need to take into |
| making the decision to rent or buy is the costs | | | | account that rental prices increase from time to time, |
| involved. You should look first at the current local real | | | | sometimes as often as once a year. Even if you have |
| estate prices and use a mortgage calculator to figure | | | | a good rate now, you may be paying several hundred |
| out how much you can expect to pay for a home. | | | | dollars more in the coming years as your landlord |
| Look at the rental listings and take note of how much | | | | increases your rate. In addition, as a homeowner you |
| rentals are currently going for. Use websites like or to | | | | can use the equity in your home to consolidate bills or |
| keep tabs on the current prices. You may also want | | | | complete home improvement projects. Your mortgage |
| to consider getting pre-approved for a mortgage loan | | | | payments actually pay you back but your rental |
| to figure out your exact APR and price range. | | | | payments are lost forever. |
| Even if your potential mortgage payment price is lower | | | | In some cases, it might make more sense to rent. If |
| than a rental monthly payment, you need to keep a | | | | you are in the area only temporarily or you're not sure |
| few factors in mind. First, as a homeowner, you will be | | | | what part of town you want to live in, renting a home |
| responsible for your water and garbage payment | | | | or a condo can make a lot of sense. Financially |
| each month (something that most landlords take care | | | | speaking, even with the extra costs, the ability to bu |
| of). This can total between $100 and $200 per month. | | | | Now Pay Close Attention -- |
| In addition, there are several other costs involved with | | | | Do you have an Ugly house you want to sell? On the |
| buying a home including closing costs and fees for the | | | | next page you will find someone who will put cash into |
| realtors. You will also have homeowner's insurance to | | | | your pocket for that broken down wreck of a house. |
| take care of and various maintenance costs involved | | | | ==> I Pay Cash For Broken Down Ugly Houses |
| (like caring for the lawn) that many new home owners | | | | Nationwide |
| don't consider. | | | | So if you own a broken down house you can sell it to |
| The true cost of your mortgage can also be affected | | | | Payton Lowe for cash. I strongly sudgest you contact |
| by the type of mortgage loan that you get. A fixed | | | | Payton Lowe on the next page before it's too late. |