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Boston
Massachusetts Wedding Guide Online Magazine:
Boston Massachusetts, MA, Wedding Planner & Wedding Directory, Wedding
Guide, Greater Boston, North Shores, South Shores, Eastern MA, Central, Cape Cod and the Islands, Southern New Hampshire, NH,
Connecticut, CT, Vermont, VT, Maine, ME, Rhode Island, RI
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Mortgages & Finances
Rent or Mortgage, Why Does It Matter?
(Robbi Ernst, great wedding Tips From The
Experts
When considering their post-marriage living situations, "Newly Weds" really want
to give considerable thought to their living accommodations. It's true that
more often than not the "first home" for a married couple is temporary, even if
that might mean several years. Therefore they "rent" an apartment or house
thinking it to be the best solution to the question: "Where are we going to
live? Your place, mine or somewhere else"? A couple may not have sufficient
funds for a down payment and the money needed for "closing" costs. Also, they
may yet to establish the necessary credit rating.
If you are going to live in a place for more than three years, then your money
may have greater value if you put it into something permanent. Too, we are in a
period of lower interest rates.
If you don't have a long-term or a good credit rating, consider trying to get a
"stated income" loan. It may mean that you will have to pay a higher interest
rate or put up a lager down payment, but you will have the opportunity to build
a good credit rating. And, in just a few years you will have something that has
increased in value and a better return on your monthly payments for rent/mortgage,
i.e. you will have a piece of property that you can sell or trade in on another
home when you are more established and settled.
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Boston
Massachusetts, MA, Wedding Planner & Directory Serving
Greater Boston North, South Shores, Eastern, Central Massachusetts Cape Cod,
Southern New Hampshire, NH, Connecticut, CT, Vermont, VT, Maine, ME, and
Rhode Island RI
© Boston Massachusetts Wedding Guide
617.974.9092
• 800.974.1800
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