Mortgage Q&A: “Why are mortgages cheaper than rent?” Today we’ll discuss why mortgages often appear to less expensive than a monthly rent payment, despite allowing you to build precious home equity. For example, you might be shopping mortgage rates and see a sample loan amount of $240,000, along with a hypothetical interest rate. Let’s pretend… Read More »Why Are Mortgages Cheaper Than Rent?

The post Why Are Mortgages Cheaper Than Rent? appeared first on The Truth About Mortgage.

Source: Mortgage