What to Do in 2010: Rent or Buy a Home?

Summary


Five questions every potential buyer should ask when deciding whether to rent or buy a home

WASHINGTON, June 9 /PRNewswire-USNewswire/ -- First time homebuyers have a lot to consider this summer when making the decision to rent or buy a home: interest rates are at all-time lows, there's still plenty of housing stock and prices are at or near their lowest in years. Still, deciding whether to buy a home or rent an apartment can be a complicated decision. How do you know what's right for you? Potential buyers should ask themselves several key questions before making this important decision.

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Extract


What to Do in 2010: Rent or Buy a Home?

1. What will monthly costs be, and can I afford the payments?

Keeping mortgage payments under 30 percent of y...

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