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ho-me-refinancing.com How to Use a Mortgage Loan Calculator Part 3 3. Which One Better for Me? Renting or Buying Buying a home is a good investment. We always were told like that, thats probably true by emotionally. But by mathematically thats not always the case. In some uncertain time youre better off renting How can you know? First there are several questions you need to answer. As a home owner here is your question •For a home like this how much its annual maintenance costs? •I can expect how much annual appreciation % on this property? •How much % selling cost should I expect? •How much the insurance and annual tax? •What is the Private Mortgage Insurance (PMI) Now here is your rental question: •How long do you plan to stay in the home before selling? •How much you pay every month for the rental? •How much is the annual rate increase % expected? A mortgage loan calculator will tell you 1. How much is the total of payment youd make by renting or buying 2. How much you can save on rent 3. The benefits of purchasing a home There really many benefits you can get by using a mortgage loan calculator. So, always use a mortgage loan calculator before you refinance To learn more about Home Refinancing Please visit our website: ho-me-refinancing.com