Many persons consider relocating when they get to retirement. Individuals are then faced with the question as to whether it is better to rent or buy a property, house or apartment. With home prices increasing, the question becomes an even more appropriate one, even if you are accustomed to being a homeowner. In some parts of the United States, it simply may not be worthwhile to buy, and prices may lead you to consider other locations.
Currently, mortgage rates are falling, so it is a good time to buy. In this regard, your financial situation may influence your decision to purchase another home. As you may need to make a down payment on your mortgage, you should consider how much you would be getting for selling your current home if you are already a homeowner.
Depending on the amount you w...Read More