The nice thing about this option is that your credit and income are barely considered, because you're not required to make monthly house payments. (themortgagereports.com)
Now compare local rents to the total monthly housing payment that you would be making if you bought a home. (viewsouthcarolinarealestate.com)
This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount. (pmcu.org)