Ask Kate - Buy A House or Rent

Kate, My son in the military wants to buy a house but wouldn't renting be better until he is discharged in another two years? He argues if he waits, he will miss this opportunity of current low mortgage rates and reduced house prices. Concerned Father

Dear Concerned Father, Faced with renting vs buying a home, your son has a lot to consider being in the military. However that's no reason to automatically pass by the opportunity to buy a house.

The rare combination of affordable mortgage rates and plummeting home values are catching the attention of even the die-hard renter who has never considered buying a house. So how can your son decide? Answering the following questions will help.

• Will I live in one city long enough for homeownership to be worthwhile?
• If transferred, would I be comfortable renting out my home?
• How do I feel about being a long-distance landlord?
• Can I afford a company to manage the house in my absence?

If hesitation makes you feel you're not prepared to buy a house, don't throw in the towel. Instead dig deeper! Get the inside scoop on VA loans, mortgage affordability, and renting vs buying here =>

1 -- Easy to read information about VA Mortgage Loans

2 -- Find out why your lender can't answer the following question
Can I Afford A Mortgage

3 -- Discover the pros and cons at Buy a House Or Rent

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