Buying Vs. Renting
In today's economy, many people are choosing to buy a home rather
than rent. In some cases, as little as 5% is required for a down
payment, depending on the purchase price. After doing the
calculations, it may be more affordable for you to purchase a suite
then to rent an apartment. When determining your ability to rent or
buy, you will need to compare your monthly expenses in terms of rent
vs. taxes and mortgage payments.
You may be surprised to find that rental costs are equal to the
monthly investment of home ownership. |