Pittsburgh Mortgage

Are you living in Pittsburgh (the best city around - I’m biased ) or thinking of moving there?

If so, you might be thinking of buying a new house or refinancing your existing house.
I just heard of a new program that some lenders are providing people with - the ability to defer 3 months of mortgage payments.
They just get added to the end of your existing mortgage, but you would have three months of no mortgage payments - cool huh?

There will always be debates on this and I doubt anyone can guarantee their answer is correct, but here’s my take:

• Renting makes sense if you know you’ll only be in a certain area for 12 months or less *or* if you can’t qualify for a mortgage for the house you want (renting and paying on time will help get you a mortgage).
• Buying makes sense when you’ll be in an area for a while and want to capture the property value increase and tax benefits.
• In today’s economy you’ll find bargains everywhere - especially foreclosures - and you can own for less than you’d expect.