In the past I have frequently discussed the pros and cons of buying a house or renting a house! As we all know mortgage rates are at all time lows, the lowest in decades and most of are not taking advantage of that.... Wonder why? Credit limitations put on homebuyers by lenders is making it more difficult to achieve the American dream of owning a home, also with 20 percent down payment needed that cross a lot of people off the list of potential homeowners. I know personally as a newly wed, college graduate and professional I would love to own a home, but that 20 percent isn't possible at this time in our life.
As usual I was looking around at different mortgage blogs and came across the perfect overview of The decision to buy or rent – a great infographic! I wanted to share this overview with our readers. Take a look!