Month: October 2012

Buying vs. Renting

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To rent or to buy? It’s an age-old question that many people will face when it comes to the home or apartment they live in. But according to a recent article on RealtorMag.com, buying has never been a better option that right now.

Photo courtesy of Phil Sexton via Flickr.

The article states, “Home buying is the smarter choice than renting, according to Trulia’s Winter 2012 Rent vs. Buy Index. Buying a home is more affordable than renting in 98 of the nation’s 100 largest metro areas.”

The reason for this? Well, there are several. First off, home rates are falling. Mortgage rates are also at an all-time low. And finally, rent prices are becoming more expensive.

While it is true that you’ll need good credit and a down payment to purchase a home, there may be options that can make owning a home more affordable than you think, particularly if you’re a first-time buyer.

So if the decision of buying a home is in your future plans, give Home Financing Center a call and we’ll help find a program that’s right for you.

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