Renting vs. Buying
I bet your Landlord has never explained just how much your monthly rent is really costing
you? Why should he/she, you are the key to paying off his property.
Would you believe me if I told you that your monthly rent payment of let's say, $600 per
month is actually costing you $800 each month? I'm sure that sounds crazy to you, but let me
illustrate this fact.
There are two things that you don't get to take advantage of when renting:
APPRECIATION - In most areas, the value of your home will increase each year.
PRINCIPAL REDUCTION - A portion of the mortgage payment is used to reduce
the amount owed on your home.
An example of a $60,000 home
*Calculated with a 3% annual appreciation value
**Based on a $60,000 loan at 8.5% APR
- As you can see, you are LOSING $200 each month by renting instead of owning this
property.
- Wouldn't it be better to have $2,400 worth of equity in this home at the end of the first
year instead of absolutely nothing?
- We can help you accomplish home ownership with our "Lease with Option to
Purchase" program.
Discover the "Lease with Option to Purchase" program. Houses available for Lease
Purchase
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