|
One of the decisions that many people
need to make is whether they should buy a home or rent for awhile.
A key issue is whether you are planning to stay in the purchased home
for at least five years. If not, then given all the costs involved
in buying a home, you may want to consider renting.
The following links may be helpful in making that decision:
The Buy
v Rent Decision. House Rules: How to Decide if it's time
to own rather than rent, by Suze Orman.
Rent v Buy Calculator, from E-Loan (make sure you check and
amend the assumptions when you get to the second page)
In terms of mortgages, be very careful of getting locked into a mortgage
you cannot afford, one where the payments will increase in a few years,
or an interest only mortgage. However, interest only mortgages can
be very good if you have the discipline to invest the difference between
the equivalent of a 30 year fixed mortgage and the interest only portion
every month in a good investment fund. You could pay off your
mortgage in roughly half the time.
|
Our Services
Our Services
Mediation
Early Neutral Evaluation
Collaborative Divorce
Litigation Support
QDRO drafting
Helpful Information
Divorce options
Benefits
Divorce Planning
Maintenance
Child Support
Property Division
Retirement Plans
Tax Planning
Post Divorce Checklist
Common Mistakes
Marital Home
Rent v Buy
Health insurance
Parenting
Forms
Divorce Books
|
|
