Buying a house vs. Renting
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http://Cackel.com has been updated with a new article on Buying a house vs. Renting.
Making a decision on whether to buy or rent a house can be a very difficult one that many people get sleepless nights over. The decision is even more difficult when you keep listening to the remarks made by these real estate agents who try to induce you to buy or rent a house depending on their opinions.
If your credit score is below 620 then you should consider renting a home. You can then work on repairing your credit ratings and find a mortgage after that. Make sure you challenge any errors that may appear on your credit report. Simple errors on your report can disqualify you if left unattended to. If you are thinking about buying a house, you should order your credit report online and check your credit score.
Job security is another important thing to consider before making a decision to buy a home. Many companies are laying-off workers in these recession times. If your company is one of those, it will be a bad idea to buy a home now. The compensation benefits you will get if you lose your job won’t be enough to pay your mortgage and other bills. [...]
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