What should you base the purchase of your home on?
What do homes and cars do over time?
homes appreciate and cars depreciate.
What is a lease?
a contract outlining the terms under which a landlord agrees to rent property to a tenant.
What is one reason to buy a home instead of renting one?
homes have the potential to increase in value of time.
What is a mortgage?
a type of loan used to buy property.
What is the biggest factor in determining the price of a mortgage?
the total cost of the home.