A fixed-rate mortgage never goes up in price, unlike rent, which can go up whenever the landlord decides to raise it. Many families find that buying affords them a nicer home, better neighborhood, lower costs, and more predictability.
Interest rates never have been this low before. It may be time for your family to consider purchasing a home.
About the Author
A third-generation home builder, Stephen F. Been is the Chief Executive Officer at Legacy Communities, a real estate development firm based in Atlanta. Legacy Communities has a proven track record of helping female heads of household and multi-generational families to qualify for new homes.