If you're sitting there waiting for home prices to drop, KNOW THIS ... Historically, TWO things happen in a declining market: Banks will require a bigger down payment Interest rates increase! Which means you would be paying MORE INTEREST in the long run AND you'll be paying thousands ... VIEW POST
No one EVER talks about this!
Rent vs Buy
Would you rather get into the market at a lower price point and make your downpayment go further than to keep renting and paying someone else's mortgage??? You know I'm gonna do the math here .... It's the finance brain that I work with! Purchase Scenario Buy at $499,999 (take advantage of ... VIEW POST
