Homebuying Myth: Renting Less Expensive

Week of January 30, 2012

The Truth: In some cases, mortgage payments may be lower than rental payments and if you continue to pay rent, you'll only succeed in making a landlord wealthy. Military Mortgage Express can help you find the financing solutions that enable you to become a homeowner. Begin with the basics to achieve your goals: You need a purchase strategy. Keep in mind that your first home is a "strategic" stepping stone to your dream home. Your strategy: be willing to make some concessions, like a smaller home or property, a fixer-upper, a home with a rental unit, one in a different neighborhood, or a longer work commute. Learn more in the Military.com Home Buying Channel.