The choice to rent or to buy a home is big decision. Which one is right for you? Comparing the costs of renting to the costs of buying can be a bit more complicated than simply comparing the monthly mortgage payment to the monthly rent payment. Use this calculator to help compare renting vs. buying so that you can make an informed decision.
mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.
?Did you know that interest on a mortgage is tax deductible? When you itemize deductions, it can be surprising how much you can save in taxes. Use this calculator to help estimate the potential tax savings with a mortgage if you itemize deductions.
mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.
Along with the down payment you will be making when you close on your home, you’ll also have to pay closing costs. Use this calculator to estimate your total closing costs based on typical closing costs.
down payment:
down payment:The portion of the value of the property the buyer pays for without the help of financing.
closing costs:The final costs encountered in a real estate transaction. These costs include title examination, title insurance, attorney
closing:The final, legal act of a transaction, where contracts are agreed upon and finalized, and monies are exchanged.
We’re here to decode the mortgage rates mystery. Below, we’ve outlined rising mortgage rates as they apply to San Antonio neighborhoods. Keep reading to learn why now is the time to sign those closing papers…especially if you’re a first-time buyer in San Antonio!
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