Why Are Mortgages Cheaper Than Rent?

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?

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Source: Mortgage