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Renting Vs Mortgaging

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Renting Vs Mortgaging
You’re considering your next move, whether for personal, family or career reasons. You know you can rent or buy a home, but you’re not sure how a monthly mortgage payment stacks up against a monthly rent payment. Sorting through those pros and cons requires fact-finding. It also requires being honest with yourself about future plans, your financial health and comfort zones.

At ICI Homes, we understand the conundrum. Here are five questions to ask about renting versus buying a new home.

Can You Qualify For a Mortgage?

Let’s assume you’re not a prospective buyer who’s liquid enough to pay cash for a new home. That means you’ll need a mortgage to buy a home. Qualifying for a mortgage means filling out loan application forms and providing
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