House Talk: Managing mortgage payments

(FOX Providence) - If you are trying to buy a home, you are probably worrying about how you are going to pay the mortgage and where the loan is coming from. The president of the Rhode Island Realtors Association , Stephen Antoni joined The Rhode Show to share some tips on how to deal with paying a mortgage.

Stephen says if the government decides to get rid of the GSC's, which will make loans seem like more commercial loans. He said, "They will be shorter term, maybe five years. The interest rates are going to be much higher, and it will price a lot of people out of the market."

Renting is an option, however being a homeowner is a much better long-term investment.  Stephen says, "The average net worth of a homeowner is 31 times that of a renter."

For more information, visit www.rirealtors.org .