Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a PURCHASE - does their income safely COVER their mortgage payment? Then they determine whether owning is a BETTER FINANCIAL choice than renting - are the costs of owning a home lower than the cost of renting it?

Author - Mark Zandi


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Posted on 25 Nov 2024, this text provides information on Finance related to Mark Zandi. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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