Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses. […]
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If you’re still on the fence about buying a home, we have some news for you. The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The break-even point between […]
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The question, “Is now a good time to buy a home?” gets tossed around frequently. But the opposite, “Is now a good time to rent?” is rarely posed. While here are valid reasons to rent including, living in a city temporarily, working on improving your credit, or uncertainties in your employment, in general, renting is […]
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