As some point in life, most people have the discussion about whether it is best to buy or rent their home. Good and bad arguments can be made for both options; it comes down to what is most important to you and your family. The decision can be one of the toughest ones you will ever have to make.
How long do you plan to stay? If you are renting and the rent is very inexpensive, it can payoff to stay in a rental property for a few years and build up your nest egg. Conversely, some neighborhoods around Baltimore are very expensive for renting and can be higher than house payments.
Do you know what you can afford? How does your credit score look? What is your debt to income ratio? Before you make the buy or rent decision, it is a good idea to consult a mortgage banker to see if buying is a pos...
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