Which is really cheapper, to rent or to buy? Now is actually the perfect time to buy, with the rates being low. Some people may think that they couldn't afford the monthly mortgage payments, but with the increased volume of people renting, the rental rates have been climbing over the past year. If you're looking for a house to rent, or an apartment with a couple of bedrooms, chances are, the monthly rent isn't that far from a mortgage payment. This is where I would suggest consulting with a mortgage broker, and speaking with a knowlegable full time real estate agent, and consider looking into Multi-Family homes for sale. The timing is perfect, it's a buyers market with low rates. It's worth looking into the available 2 family and 3 family homes. Many people find that they will be abl to live in one unit, and rent out the other, which will help offset your mortgage payments.
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