Read about refinance
Will you have extra money set aside for large repairs and necessary upkeep, or will your money be taken up with paying the home mortgage? * Who pays the taxes? When you rent, your landlord pays the tax for you. However, when you own property yourself, you are the one shelling out for taxes. Property taxes can easily run into four figures per year, and even a simple repair like ripping out old carpets can raise the worth of your home and add thousands of dollars to your tax bill. Can you afford it? * How large will the utility bills be? When you own a house, you are likely to face higher utility bills for two reasons. One, you are likely to buy a larger house than your previous rental, and you may be making the leap from an apartment to a house.