Epperson: Renting could be a good option

Today Money financial expert Sharon Epperson joined us for a live Web chat Wednesday to answer your questions.

Here’s one of her answers to questions from the live chat. (See below for the full Q&A and video of Sharon’s TV appearance this morning.)

“Hi Sharon. Me and my husband would like to downsize on our home, but our credit is not good so we probably aren’t in a position to buy another home. We’d like to get something less costly but see no way out. Any advice you can provide? Thanks!”

“Why do not you rent? Take the headache of home ownership (lawn care, home fixes and unexpected emergencies) off the table and focus on rebuilding your credit and building your savings.”

Here’s the full chat archive and Sharon’s TV appearance:

If you have a question for our TODAY Money experts, submit it here.

To sign up for an e-mail reminder for our next chat, click here.

More source:

6117 Epperson Drive, Indianapolis IN | MLS# 21124990 - Trulia
Texarkana Car Rental - National Auto Discount Rental & Sales - 903 ...
814 Epperson Way Ct, Sugar Land, TX 77479 MLS# 63993415 ...
Will paying in cash for car help credit rating? - Video on TODAY.com

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Submited at Wednesday, September 14th, 2011 at 9:00 pm on Finance by jessica
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