“Purchase vs. Renting”
Good morning Joe,
I’ve been thinking for a long time about buying a home vs. renting but with my student loans I’ve been hesitant. I’m unsure what I can realistically afford. I was hoping you could help me figure that out. Also, I was even considering trying to get a foreclosure property and fixing it up - I know there are certain mortgages that will add the cost of construction/repairs. I just want to start by understanding what I can even afford which I know isn’t a large amount.
Thank you for your help,
The topic of renting vs. purchasing a home is a question that many ask themselves. I wish there was a simple answer, but there is not.
Katie is wise to reach out and ask a professional to review and discuss the pros and cons. After a one-hour conversation going over the cost to rent a home that would fit her needs and how much a mortgage payment would be, she is now house hunting.
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
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