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Why Rent When You Can Own

April 22, 2009 REAL ESTATE No Comments

 

 

 

 

 I am often baffled at the average person’s mentality when it comes to home ownership.
Oh I just pay the rent and the rest is the landlord’s problem. Yes and what a problem. With today’s interest rates being at the lowest point ever in history. Your rent is covering the landlord’s total expenses. You are not only paying off his mortgage, but also giving him a nice little monthly income. Your landlord is a very happy man as he goes to the bank to deposit another one of your hard earned pay cheques.
So why do you pay rent?
Contact a reputable Realtor and get started. Your Realtor will direct you to either a mortgage broker or a financial institution where your credit report will be reviewed along with your salary and an estimate of how much you can afford to carry as a monthly payment and they will tell you what price range you can afford.
Then it’s off to the Realtor for some serious shopping.
“Happy Hunting”

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