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Renting vs. Buying a Home: 6 Things You Should Consider

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Sinopsis

Buying a home is kind of a huge effing deal. But we’re adults now, so it’s time to talk about the pros and cons of buying a home vs. renting a home. Here are six things you should consider -- plus, we’re giving advice on how to make friends in college, why you should watch Girlboss on Netflix, and whether we’d rather have an engagement ring or a big house. Renting vs. Buying a Home in Arkansas (From Business Insider): Monthly rent in Arkansas: $1,050 Monthly mortgage in Arkansas: $769 Things to Consider Are you planning on moving in the next 5-10 years? Renting offers more mobility. Are you planning on starting a family soon? Can you make a down-payment of 20%? “If not, that generally means you’ll be charged a higher interest rate. You’ll also likely have to pay mortgage insurance, a monthly fee that ranges from about $50 to $500 and goes directly to an insurance company protecting the bank’s interest—not yours.” —LearnVest Do you have a good credit score? Are you down to mow the lawn, upkeep, and