GLOSSARY · VISA-HOLDER FINANCE

Rent versus buy break-even

The number of years you need to stay before owning costs less than renting, once buying and selling costs, mortgage interest, upkeep and the return the down payment could have earned are counted. Uncertainty about how long you will stay, common on a work visa, shortens the case for buying.

Also called: rent or buy, buying a home on a visa

COMPUTE IT WITH YOUR NUMBERS

Rent vs buy on a visa →Should I buy or rent, especially if I might leave the US?Home affordability and mortgage payment →How much house can I afford, and what will the monthly payment be?

LEARN IT PROPERLY

CHAPTER · EXPENSE REDUCTION & COST AUDITING · STRATEGIESLowering Your Housing Costs CHAPTER · GOAL-BASED SAVINGS & ACCELERATION · STRATEGIESPlanning a Home, a Car and Other Major Purchases

RELATED TERMS

Emergency fund

SOURCES

American Housing Survey. U.S. Census Bureau.

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