Buy versus rent

Consider the top five reasons to buy versus rent:


#5 Experience Freedom:  Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else’s schedule to change or fix things in your home.

#4 Take Advantage of Today’s Low interest Rates: With today’s great rates, your monthly mortgage costs may even be less than the rent you’re paying now!
#3 Decorate: Get 100% financing and spend your savings on things like renovating - according to your own style, not your landlord’s!
#2 Invest: Take comfort knowing that a portion of your monthly mortgage payment will go towards your home equity.  Also, with real estate prices still on the rise, when you sell you will have a healthy capital gain (tax free!).

#1 Save money every month:  Compare $1500/month rent to a $1345/month mortgage payment on a $300,000 home with 5% down. That’s a savings of $155 each and every month!*  based on 25 year amortization, 5 year term at 2.69%

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About the Author

Laurie Baird and Tracy Head are mortgage brokers with Verico Complete Mortgage Services. Together they have over 45 years of experience in the mortgage industry.

As mortgage brokers, Laurie and Tracy spend time getting to know the people they work with and help them understand the mortgage process. They support their clients before, during, and after a home purchase.

Laurie and Tracy are able to offer their clients advice and options. With access to over 40 different lenders, Laurie and Tracy are able to match the needs of their clients with the right mortgage package. They work closely with their clients to find the right fit, and are around to provide support for years down the road!

Contact them at 250-862-1806 or visit:

Visit Laurie's blog at: https://www.okanaganmortgages.com/blog

The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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