When Does it Make Sense to Rent a Home Instead of Buy?

For years, the idea of the American Dream has been homeownership. That particular dream, though, is fading a bit. After the last economic crisis and real estate crash, many people are rethinking the idea of buying a home.

For some consumers, it just makes more sense to rent.

Is the mortgage affordable?

One of the first questions that you have to ask yourself before you buy relates to mortgage affordability. Even with home prices and mortgage rates dropping, mortgages aren’t affordable for everyo...