Posted by NewBuyer on December 24, 2009 | No Comments
A detailed, interactive rent versus buy calculator producing a comprehensive analysis of your personal situation.
From the resource: “This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.”
Source: Homefinder
Read More About Renting vs. Buying a Home at Newbuyer.com
Posted by Elizabeth Dennis on December 22, 2009 | No Comments
An informative look into what you need to know before you enter into a lease-to-buy (rent-to-buy) agreement for your new home. Learn the definition of a lease-to-own or lease-option agreement, the need for a formal contract, that a lease option is not an obligation to buy and who will pay for taxes, insurance and repairs.
From the resource: “If you’re a cash-challenged home buyer, a lease-to-own agreement may be a way to buy a home and accumulate a down payment. A lease-option also gives you a chance to check out the neighborhood and occupy the home before you decide whether you want to buy it.”
Source: RealEstate.com
Read More About Renting to Buy a Home at Newbuyer.com
Posted by NewBuyer on December 17, 2009 | No Comments
A twist on the “rent-to-buy” concept is a program called “lease-to-own” where the lender takes on the mortgage of the buyer’s property. The buyer then pays the lender rent equal to the monthly mortgage payments. This comprehensive article discusses how this works and provides the reader with important questions to ask when considering a lease-to-own program.
From the resource: “Lease-to-own homes can help people who have had credit difficulties get started on the path to home ownership. If you understand what’s expected of you and what your options are, a lease-to-own property can be a great deal for you. But purchasing by this method can be tricky and should be approached with caution.”
Source: LendingTree
Read More About Renting to Buy a Home at Newbuyer.com
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