As of Q2 2010 the Average mortgage in the US was $193,800.
Depends widely on what region one is going to rent or buy. Rent and Mortgage are two completely different things. What may be cheap rent in one part of the country may be three times more in another. The prices vary that much and are "regional".
I'm not trying to be difficult, but I don't understand how you HAVE mortgage interest if you rent. You carry a mortgage on your rented home?
About tree-fiddy
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
Mr James had to take mortgage to pay his rent in two weeks time.
The national average for a 30 year fixed mortgage rate is 4.89%. This rate can either increase or decrease depending on the loan ammount. As of March 6, 2010, the national average mortgage interest rate for a 30 year fixed rate loan is 5.31%. The national average mortgage interest rate for a 15 year fixed rate loan is 4.68%.
No, mortgage payments are due in the beginning of the month like rent; however, the mortgage payment covers the previous month's interest and principle on the mortgage loan. Rent is an "annuity due" because it is paid in adavance to cover the next 30 days to follow.
after 1 year
Homes that you rent to own are when you start off with just paying rent, not having to worry about falling behind on a mortgage. Eventually, as you become more secure, you switch over until you are paying a mortgage for the home.
Jobs for Rent - 2010 was released on: USA: 2010 (limited)
Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.