Mortgage loan A new world
Others would simply prefer not to take on a home mortgage in the current economy. Real estate columnists are abuzz with the idea of renting versus owning. The decision is an individual one that should be dictated by your own financial and personal goals. Before you consider whether you should rent or take on a home mortgage, you should think about how long you intend to be in the house. The bulk of payments made on a home mortgage the first handful of years is heavily weighted toward paying interest, rather than equity.