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Renting versus buying a home isn’t just a matter of ownership. It can be a lifestyle choice as much as a financial one: Renting means you’re not tied down with any long-term responsibilities.
Renting costs about 38% less than buying a home on average across the U.S.,” said Mike Roberts, a mortgage broker, loan originator, and co-founder of City Creek Mortgage. “This gap is even ...
Buying versus renting is a fierce debate in personal finance circles, and both factions come armed with talking points. Buyers point to how they’re building equity and shielding themselves from ...
In some cases, renting is cheaper than buying, at least for the first few years. Run the numbers through an online rent vs. buy calculator to see if this might be the case for you.
The real estate firm says it'll take a combination of falling home prices and decreased mortgage rates to bring the cost of owning a home closer to the cost of renting, but that the shift will ...
Alabama. Average Home Value: $197,182.31 Average Monthly Rent: $1,481.03 Average Monthly Mortgage: $1,240.85 Cheaper Option: Owning Explore More: I’m a Real Estate Agent: 5 Places I’d Buy a ...
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