photo credit: TheTruthAbout
Fletcher Wilcox from Grand Canyon Title Agency recently emailed me a report for the Phoenix Metro area, “Should You Rent or Buy a Single Family Home?”, where he has analyzes and answers the question:
Is it cheaper to pay rent on a single family home or pay a mortgage on a single family home?
While there are many reasons to rent or buy, as a starting point this report compares the average monthly rent paid to rent a single family home compared to how much the mortgage payment might be to purchase an average priced single family home in Greater Phoenix.
Fletcher’s report is a quick 12-page read, covering the costs of buying a home vs. renting. He also includes the time impact of short sales, foreclosures, and bankruptcy on a credit history, as well as another comparison of the costs of FHA, VA and conventional financing.
Click here to open report: “Should You Rent or Buy a Single Family Home?”
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