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The Mungo Companies » Myths About Home Buying » Lower rates mean lower monthly payments

Lower rates mean lower monthly payments

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With interest rates at historic lows, buying a home has never made more sense. Low interest rates mean that a monthly mortgage payment for a new home is equal to, or less than, a monthly rental payment.

Home ownership is the pathway to financial security — and mortgage interest is tax deductible!

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The Mungo Companies
1st American Builders | New town homes and single-family homes in the Raleigh NC area
Harbor Homes | New garden homes and single-family homes in coastal areas of South Carolina
Mungo Homes | Columbia's most trusted builder and South Carolina's only national award-winning builder
Sovereign Homes | Luxury custom and semi-custom homes in Columbia's finest neighborhoods

Mungo Construction | New home construction, design-build and construction management services to institution and government clients
Palmetto Residential Rentals | New homes in both North and South Carolina for lease/purchase and for short or long-term rental