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How Do You Determine Whether To Buy A Home in Chino Hills or Rent?

By kasihomes Leave a Comment

Many people are wondering with today’s staggering economic downfall, whether they should buy a home or simply rent a home.  Forbes had an article, The Next Mortgage Crisis, that laid out some interesting points.
You should considering buying a home if:
1. you can afford to buy
2. you want to build equity in a home as a source of retirement security
3. you want to take advantage of the tax benefits of home ownership with mortgage interest and property tax deductions
You Should Consider Renting If:
1. you can’t afford to buy
2. you have not saved an emergency fund of at least 3-6 months worth of expenses
3. you do not qualify for a reasonable interest rate on a mortgage
4. your income is unstable
5. you like having the option of moving around frequently

Filed Under: Buyer Tips, Chino Hills CA Tagged With: advantages of buying a home, buying a home, chino hills home buyers, fontana home, home buyers in Inland Empire, renting vs. buying in San Bernardino County

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