Did you know?
I can calculate whether buying a home is a better deal than renting, using your specific information. In some cases, renting may be cheaper than buying. For example, renting often requires a smaller monthly cash outflow than a combined mortgage payment that includes principal and interest, insurance, taxes, (PITI) and possibly mortgage insurance.
As a result, renting may free up your cash flow and allow you to contribute or save. I can then designate a savings interest rate to include these savings in the analysis.
I can also calculate the tax savings you realize from deducting mortgage interest and charges for a specific interest rate (or discount points), and estimate the equity that you earn in your home over the time you own it, which boosts your personal net worth. Renting does not create net worth.
If you are interested in seeing a customized financial report with this information, just contact me and I will get some basic information from you and email it to you.