Welcome to today's daily mortgage comparison! Giving you mortgage comparisons from two of the biggest cities in the USA!
Now here we have the USA, city of Miami!,
Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County, the most populous county in Florida and the ninth-most populous county in the United States with a population of 2,500,625. The 42nd largest city proper in the United States, with a population of 399,457, it is the principal, central, and most populous city of the South Florida metropolitan area, the most populous metropolis in the Southeastern United States. According to the US Census Bureau, Miami's metro area is the seventh most populous in the United States, with an estimated population of 5,547,051 in 2009.
Average House Price: $240,000
Average Mortgage: $250,000
And here we have the USA, the city of Cleveland!
Cleveland is a city in the U.S. state of Ohio and is the county seat of Cuyahoga County, the most populous county in the state. The municipality is located in northeastern Ohio on the southern shore of Lake Erie, approximately 60 miles (97 km) west of the Pennsylvania border. It was founded in 1796 near the mouth of the Cuyahoga River, and became a manufacturing center owing to its location at the head of numerous canals and railroad lines. With the decline of heavy manufacturing, Cleveland's businesses have diversified into the service economy, including the financial services, insurance, legal, and healthcare sectors.
Average House Price: $190,000
Average Mortgage: $195,000
So theres the facts guys, Miami is alot more expensive! but is it worth it? ;D