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Buy a House Today and Save $217,726

June 9, 2015

There is no question that buying a home is a costly endeavor. Besides a mortgage payment, you have repairs, renovations, taxes, and general upkeep, and the whole thing can seem like more trouble than it’s worth. But get this, because interest rates will likely rise this year, and rents and home prices are getting higher in most markets, every day you delay buying a home is costing you money. And, according to the analysts over at Realtor.com, buying today would save you about $217,726 over the course of your 30 year mortgage! While in some markets, the savings are not so extreme, in some locations on the West Coast, you could be saving more than $1 million, since both home prices and rents are skyrocketing over there.  So, what’s stopping you from buying today?

Check out the full article at Realtor.com.

Image from Giphy

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