Consider buying vs. renting.
Monday, February 6th, 2017HELP TURN YOUR RENT PAYMENTS INTO YOUR OWN PAYMENTS
Renting is like borrowing a home from someone else – it’s never really yours. Owning a home gives you the satisfaction of knowing you’re making a smart investment. Buying doesn’t necessarily cost more than renting. And since a home is something that can increase in value over time, the sooner you become a homeowner, the sooner you can benefit.
If you are renting, you may be surprised at how much of a mortgage you could afford.
TAKE A LOOK AT THE EXAMPLES BELOW:monthly
rent
IF YOUR MONTHLY RENT IS YOU CAN AFFORD
$1,300 $231,612
$1,500 $267,245
$2,000 $356,327
$2,500 $445,409
$3,000 $534,490
$3,500 $623,572
** These examples are based on a sample annual interest rate of 4.64% (Annual Percentage Rate of 4.60%), calculated semi-annually not in advance, and assume the interest rate remains constant for the full 25-year amortization period of the mortgage.
READY TO EXPLORE HOW HOME OWNERSHIP COULD BECOME A REALITY FOR YOU?
The Lore Group has access to the finest lenders that are ready to turn your home into your own. Stop paying the landlords mortgage and talk one of our Fort McMurray Realtors today about how.
IT’S EASIER THAN YOU THINK