Forbes: Buy Now or Pay More Later? Posted: 22 Oct 2013 04:00 AM PDT
The article, Should You Buy a Home Now or Pay More Later?, explains: “With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon. The danger for potential homebuyers isn’t that mortgage rates are nearing 5.00%; the real threat is that rates could go higher, to 5.50% or even 6.00% in 2014.” The article spells out the financials consequences a buyer would face by waiting. ($67,746 on a $300,000 mortgage). They gone on to identify four things a buyer should take into consideration before delaying a decision to purchase.
Bottom Line The financial advice Forbes gave to their readers was rather simple. Buy now or pay more later!! |
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October 22, 2013