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A Home Where OWNING is truly Cheaper than Renting

Many time you will see ads that say something like "Own for the same amount you're paying for rent".

In the case of this beautiful, single family home in the Marlton section of Upper Marlboro, MD that would be completely true!

Assuming that you have good credit and qualify for a 5.125% interest rate and an FHA mortgage, your monthly payments would be approximately $1500.00. Compare that against many 3 bedroom, 2 full bath apartment homes (or any other home, for that matter) and you can see that owning can be just as inexpensive as renting. If you factor in the $8,000 first-time home buyer tax credit and the mortgage interest tax deduction you really come out way ahead.

Check it out! You will be pleasantly surprised how easy it is to say "good-bye" to the landlord.

Posted by Ken Montville -- the MD Suburbs of DC on 07/06/2009 06:16 AM

Comments (3)

upper marlboro, single family home

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3 Comments on A Home Where OWNING is truly Cheaper than Renting

JUL