Should You Buy Or Rent Your Next Home?
The decision to buy or rent their next homes has challenged home-seekers for years. Buying a house in Colorado Springs can be a daunting prospect financially, but studies are consistently showing that owning your own home is often just as (if not more ) affordable than renting one. The ultimate decision is of course up to you, but The MacGuire Team is here to offer a few important considerations. Owning Is More Affordable Than You Think Contrary to popular belief, the days of having to have a stellar credit score and a 20% down payment in order to buy a house are long gone. Thanks to varied and competitive mortgage options, buyers are now able to purchase homes with as little as 10%, 5%, 3%, and (in some cases) even 0% down. Interest rates are also at a historic low, which means your monthly mortgage payments can be incredibly affordable. Renting Is More Expensive Than You Think People who don't think they can afford to buy often choose to rent as an alternative,...