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Stable Monthly Housing Costs |
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Thursday, 31 August 2006 23:46 |
When you rent a place to live, you can certainly expect
your rent to increase each year - or even more often. If you get a fixed rate
mortgage when you buy a home, you have the same monthly payment amount for
thirty years. Even if you get an adjustable rate mortgage, your payment will
stay within a certain range for the entire life of the mortgage - and interest
rates aren't as volatile now as they were in the late seventies and early
eighties.
Imagine how much rent might be ten, fifteen, or even
thirty years from now? Which makes more sense?
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Last Updated on Monday, 11 August 2008 05:19 |
