Links ARCHIVE: FORBES - Should You Rent or Buy

leasing, pay back, loans, purchasing

Published on August 26, 2004 By joetheblow In Business

SOURCE: FORBES

Buying Vs. Renting
Marianne Hayes, 07.26.04, 6:00 AM ET

NEW YORK - With interest rates staying low, buying a house continues to be an attractive offer, but many Americans are better off renting. Here's how to determine which road you should take.

Last week, interest rates on 30-year mortgages fell to an average 5.98%, a three-month low. But as the economy picks up, it's a solid bet that rates will rise. This affects not only buyers but possibly renters too. For those looking to buy, higher rates may prevent them from qualifying for more expensive homes, as the mortgage payment will increase. For renters, if the landlord's investment is financed with an adjustable rate mortgage, you can expect a steady rent increase to cover the gap.

Still, there are some perks to being a renter...

For more, click on the link provided...

Comments

No one has commented on this article. Be the first!

Welcome Guest! Please take the time to register with us.
There are many great features available to you once you register, including:

Richer content, access to many features that are disabled for guests like commenting on the forums.
Access to a great community, with a massive database of many, many areas of interest.
Access to contests & subscription offers like exclusive emails.
It's simple, and FREE!