“Purchase vs. Renting”

“Purchase vs. Renting”

Good morning Joe,

I’ve been thinking for a long time about buying a home vs. renting but with my student loans I’ve been hesitant. I’m unsure what I can realistically afford. I was hoping you could help me figure that out. Also, I was even considering trying to get a foreclosure property and fixing it up - I know there are certain mortgages that will add the cost of construction/repairs. I just want to start by understanding what I can even afford which I know isn’t a large amount.

Thank you for your help,

Katie

The topic of renting vs. purchasing a home is a question that many ask themselves. I wish there was a simple answer, but there is not.

Katie is wise to reach out and ask a professional to review and discuss the pros and cons. After a one-hour conversation going over the cost to rent a home that would fit her needs and how much a mortgage payment would be, she is now house hunting.