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[catchtheball]

Admittedly, I know basically nothing about mortgages, interest, etc. But given the hideously low cost of buying a home in Mitchell, if you've got good credit, does it make sense to rent a house there? According to the mortgage calculators on real estate websites, monthly payments for buying a house in Mitchell would be just as cheap as--or cheaper

Comments

[thesilverlight]

Unfortunately, I know nothing about mortgages either :( But heck, if it's as cheap or cheaper than renting a house, I definitely say look into what goes into buying a house (other than money, hurr hurr) :D

[hellobitchkitty]

you also get to fix everything little (and huge) thing that goes wrong if you buy it. No landlord to rescue you when your A/C or heating unit breaks, you have a major plumbing problem, etc...

But if you decide you for sure want to keep that house a long time and it is not much more than renting, that is great if you can qualify for the loan.