Find out if you’re financially ready to be a homeowner.
Having your own home. It’s the American dream, right? But before you take that big step, it might make sense to take a hard look at the costs involved and to make sure renting isn’t the better option. It’s a good idea to go beyond monthly rent totals and mortgage payments and compare the various fees, tax burdens, and insurance issues that come with the two different approaches. By crunching all these numbers, you can get a detailed comparison of the overall costs.