Elizabeth...A few things to consider when weighing rent v. own.
What chances for appreciation do you get when you rent? Zero
What tax deduction for mortage interest do you get when you rent? Zero
You could be losing thousands every year you continue to rent.
If this is your first house, there's some incredibe low money down loan programs designed for first time home buyers in Virginia thru VHDA.
I recommend talking to Ray Wood at Benchmark Mortgage...he's an expert in VHDA..He can be reached at (804) 564-4319.
Build your net worth... not someone else. Buy a home as soon as you can afford to.... more