YOUR LANDLORD SAYS HI, AND THANKS YOU AGAIN FOR PAYING HIS MORTGAGE!!!!
Before you make another payment on your landlord’s mortgage, here are a few things you should know:
Many people who rent can actually afford to buy their own home—so what’s stopping them? Many tenants believe that they’d require a big down payment, which is difficult if not impossible to save while trying to keep up with payments on all their other bills. Others are convinced that they won’t qualify for a mortgage and that the payment would be just too difficult to carry anyway.
Just about everybody is overwhelmed over the legal and financial red tape which often surrounds the purchase of a first home. It seems a whole lot easier to just keep paying rent.
Here are a few facts:
FACT: Many people actually qualify for a 5% down payment mortgage and don’t realize it.
FACT: The average mortgage payment costs about the same as the average monthly rent payment.
FACT: Many renters have funds in RRSP’s that can be used as part of a down payment without paying Income tax on the withdrawal.
FACT: A lot of people don’t want to ask a salesperson anything because they’re afraid of feeling obligated to buy something.
MY GUARANTEE TO YOU…
I will consult with you on an individual basis to help you determine what you can afford. (And you won’t have to sit in a bank to do it).
I will explain the whole process and answer any questions that you have until you feel you are ready to take the next step.
Most importantly, if at anytime you choose not to proceed, just tell me. There will be no pressure to continue. I know that buying a home can be stressful. It is my job to make it as easy and comfortable for you as possible!