If current historical low interest rates do not get your of the fence of renting here in Connecticut….
And if the tax deductions of mortgage interest and property tax do not interest you in purchasing a home then maybe…….
This recent article on how “Renters Outspend Owners on Housing” might make you think twice about staying a tenant. The Real Estate Economy just posted a very informative article by Steve Cook on how renters are now spending 5% more of their household budgets on housing costs than homeowners.
William Raveis has an easy to use Rent Vs. Buy?Calculator to help to show you the difference of costs.
To see current mortgage rates here in Fairfield County, Connecticut and to use the mortgage calculator to figure out your payments click here to go to the Mortgage tab.