The fact is that mortgage brokers are now a lot more careful to scrutinize whom they will lend money to. Gone are the good old days when almost anyone could qualify for a loan. Since a median house in the Atlanta metro is around $250,000, this means that at least a house payment between $1400 and $2000 per month is needed on a 30-year fixed rate mortgage.

Compare that to renting a three-bedroom apartment for as low as $750 per month, coupled with a convenient location to the entertainment areas, shopping and public transportation. Renting is a more economical choice!

This entry was posted on Wednesday, March 5th, 2008 at 6:32 pm and is filed under Atlanta. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.