Posted on: 28th Oct, 2009 10:01 am
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I am in same boat as myself,
advantages:
1) tax credit
2)tax deduction on interest
3) current low rate
4)you will get your own home
disadvantages:
1)you need to pay mortgage higher than rent
2)you cannot move for job purpose(big disadvantage)
3)you will have debt for life( assuming you are owning home around 25-30 yrs)
advantages:
1) tax credit
2)tax deduction on interest
3) current low rate
4)you will get your own home
disadvantages:
1)you need to pay mortgage higher than rent
2)you cannot move for job purpose(big disadvantage)
3)you will have debt for life( assuming you are owning home around 25-30 yrs)