Rent or Buy?
Tags: Rent, Buy
Welcome To My Website, www.bramptonhomes.info
I Help Buyers, Sellers and Renters Not Only In Their Move But Also Guide Them To Make A Move That Leads Them To A Better Choice.
For Those Who Are Looking To Rent; I Would Like Them To Think About The Amount They Are or Have Been Paying Every Month To Landlord. Please Take a Moment And Think About The Following:
- How Much Money You Will Pay For Another Year For Someone Else’s Mortgage
- Can You Buy A Home or Condo and Pay This Money Toward Your Own Mortgage
- See The Formula Below to Check How Much Mortgage You Can Carry Instead Of Rent?
Here Is A Simple Formula If You Want To Calculate How Much Mortgage You Can Carry:
Assume Your:
Gross Family Income = $100,000 a Year
Car Loan, Line Of Credit etc. = $0 a year
Property Taxes For a Property You Want to Buy = $6,000 a Year
You Can Have = $100,000 * 30% = $30,000 - $6,000 = $24,000 Per Year For Mortgage Payments or $2,000 per Month in Mortgage Can Be Paid
Most of the People are Paying Rents as Follows:
3 Bed, 2 Bath Townhouse in Mississauga = $2,100 - $2,300 + Utilities
1 Bedroom 500- 600 Sq. Ft. Condo in Square 1 Area = $1,900-$2,000 + Hydro
2 Bedroom 2 Bath Condo in Downtown Area = $2,800 - $3100 + Hydro
4 Bed, 3 Bath Home in Brampton Area = $2,400 - $2,600 + Utilities
If You Compare Mortgage With Rent; You Can Easily See Which One is Better.
Mortgage Amount Will Decrease Over Time, Increase The Value of Your Property & Generates Equity
Rent Will Increase Over Time, You Do Not Get Any Money From Landlord, Basically No Savings and When You Think Of Buying a House --- Prices Will Be Way Higher and Hard To Afford
Please Call Me to Buy Rather Than Rent A Home!!!
&
Make A Better Move!!!