I GET THIS QUESTION 20X A DAY. NOW HERE IS THE ANSWER: IF YOUR LOOKING FOR AN INVESTMENT, ITS A TIME TO BUY WHEN YOUR RENTS SURPASS YOUR MORTGAGE,YES NOT BREAK EVEN. IT MUST GIVE YOU CASH BACK. PERIOD!
IF YOUR LOOKING FOR A HOME FOR YOURSELF ONLY BUY IF YOU CAN AFFORD TO MAKE THE PAYMENTS ON A 30 YR FIX,NOT A 5 OR 10 YR ARM. AND IF ANY LOAN OFFICER OFFERS YOU SUCH A LOAN FIND ANOTHER LOAN OFFICER. YES I SAID 30 YR FIX NOT 30 YR AMORTIZATION LOAN. IF YOU DONT KNOW THE DIFFERENCE CONTACT ME IMMEDIATLY.
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