Many people rent nearly their entire lives because they just assume that paying a house payment would be significantly more than paying rent. Of course, when they finally decide to purchase, they find that in many cases, their home payment is actually cheaper! Not to mention, if these same people deal with an upfront lender, such as us here at Better Choice Loans, and they get the lowest mortgage rates in CA, then their payment becomes even more affordable.
Determining How Much House You Can Afford
If you are still not sure if you can afford to buy or if you have no idea what home loan rates in California are even at, you will want to take advantage of the mortgage calculators we have available right on our site. They are free to use and you can play around with different scenarios, inserting purchase price and various mortgage rates in California. You can even add taxes and insurance costs, so you can get a solid number to compare what you will be paying.