It’s the right time to buy a house
News from MSN Money:

This post come from Angela Colley at partner site Money Talks News.

I’ve wanted to buy my first home for a while, and when my landlord told me that my rent was going up to $ 900 a month, I got serious about it.

So I researched the estimated value of the house I rent now ($ 160,000) on my local property appraiser website. Then I plugged the number into a mortgage calculator. If I owned this house, my total monthly payment would be $ 817. In other words, I could pay my mortgage, property taxes, and homeowners insurance for $ 83 less than what I pay in rent each month.

I’m not alone in thinking it’s time to buy.  In the video below, Stacy Johnson talks to a real-estate professor who says if you’ve been sitting on the sidelines, now’s the time to get in the game. Then read on for a checklist…………… continues on MSN Money

… Read the full article
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