Why Rent?; Rent vs Buy; advantages and disadvantages of renting; You can usually rent an apartment or house for much less than the monthly cost of buying it. In renting you initially normally have to come up with only the first and last month's rents. You don't have to come up with the thousands of dollars in up-front fees or closing costs, such as inspections, legal fees, land transfer taxes, insurance, etc., as do home …
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showed last 75 words of 1156 total
…time and money. Other costs *Expect other costs to homeowning. Along with your monthly mortgage and down payment, there's property tax and homeowners insurance premiums, and fees known as "closing costs." These include everything from a credit check to "points"- interest paid up-front in return for a lower interest rate. Others: title insurance fee, survey charge, attorney/escrow fees, and loan origination. So do your research! costs saved on renting as opposed to buying