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With an “flukey”
economic system and the recent modifications in first time home buyer
incentives, calculating out if you should rent or buy can be tricky. Can you afford the down payment? Or, is it cheaper to rent? Luckily, here are two awesome tools to help you make that hefty decision. First, find a home you like. Then, try the Rent vs. Buy
calculator to ascertain how much you will be able to save by
renting or buying. Or, use the
Mortgage calculator to get an idea of what your monthly payments would be. What do you have to lose?