Renting compared to owning: huge conclusion for unmarried mothers
To shop for a house is actually a massive undertaking regarding family relations, however it shall be incredibly challenging when you are a single parent. When you find yourself frightened that there surely is nobody otherwise to help you jump facts out of out of, browse communities, or decide a spending budget, keep in mind that there are lots of type anyone and properties away there to navigate the feel since the a primary-day homebuyer.
This short article look at the positives and negatives of getting vs. leasing in order to determine – since the a single mother or father – if using the dive are a good idea for you personally to date. However, first, let’s touch on finances.
Deteriorating the newest finances
When you’re possible homeowners bother about a small rise in mortgage rates, its smart to remember you to definitely 15% rates of interest had been important into the first mid-eighties.
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