Renting vs Buying
(Obviously, not everyone is in the position to purchase a home, even if the rates were what they were a year ago. So I am really just speaking to those who can qualify for a mortgage. And those that the rates are the reason they are renting as opposed to buying.)
*To find out if you can qualify for a mortgage, you can speak with a lender for information and have a conversation. We know some good ones who would be happy to have that conversation with you about what it would look like.*
- The NWA growth in equity also puts this $278,000 house closer to $300,000 to purchase in 2 years if waiting to purchase. (Based on the assumption of the annual appreciation used in our calculator)
- Closing costs paid as a buyer can also be negotiated with the seller through your Realtor! So your out of pocket cost might be lower than what is in our calculator!