There are many advantages to buying a home versus renting one. View these advantages in the Buy vs. Rent Comparison Chart, or view a financial comparison of buying versus renting in the Buy vs. Rent Calculator.
Your income, savings, and monthly expenses play an important role in determining how large a mortgage you can afford. To figure out the amount you can afford, please click Affordability. click the link below
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In my professional opinion, it is better to buy and begin building equity in your own home; and you also have the advantage of the mortgage interest being a tax deduction.