Making the Decision to Become a Homeowner… Next Year
The decision about when to buy a home may always be a tricky one, no matter what housing market or city you find yourself in. Many people would prefer to buy than rent because they want to start building equity in their home investment right away. But this may not be the best financial decision in the long run because of changing market prices and interest rates.
Paying rent for a year and then getting a much lower interest rate on your mortgage could result in a net positive to your bank account over the life of your loan, for example. So with all this in mind, why is next year – 2020 – the right time for you to buy a home? Read on to find out the answer to this all-important question.
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