November 27, 2011
...The case for buying a home is getting more compelling for many, according to the report, especially as monthly mortgage payments become more competitive with rental payments.
Here are six considerations for those weighing a decision to buy or rent...
2. Consider additional costs
Remember, if you choose to buy a home, your mortgage payment may be the biggest cost each month—but it's not the only one.
There are insurance and taxes to pay, as well as regular maintenance costs, says Richard Green, director of the University of Southern California's Lusk Center for Real Estate...
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