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Tuesday, December 6, 2016

Rent or Buy? Why?

When Is a Good Time to Rent? Not Now! IMO - almost never! Take a look at today's report. In simple terms, if you get a 30 year mortgage with a fixed rate, your payment is fixed (with the exception of taxes and insurance). Your monthly expense (rent) becomes an investment (Ownership). If you rent, your monthly payment will likely rise and you will pay the landlord's mortgage and get to do that month after month. So - the answer is - BUY!