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with the roof, if the air conditioner goes on the fritz, if pipes burst, the expense of repairs falls to you, even though you are paying rent, not a mortgage.
Examine your options carefully, Roop said. Given low interest rates, given first-time buyer tax credits, given the deals that abound, you may be able to actually own a home for less than it costs to rent it.
About the only way rent-toown deals are a real benefit, Austin said, is in those cases where a would-be buyer is unable to qualify for a mortgage.
That’s exactly Colvin’s point.
“I think,” she said, her new program “is a way to help the community.
“Don't get me wrong: I work with people with good credit. But there are so many people out there who need help. Your heart goes out to them. It has been a hard time for a lot of people, and if I can do something to help and get somebody up and running, that’s great.”
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