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

Tracy Head and Laurie Baird help busy families find mortgage solutions. Together they have more than 45 years of experience in the mortgage industry.

With today’s increasingly complicated mortgage rules, Tracy and Laurie spend time getting to know the people they work with and help them to better understand the mortgage process. They support their clients before, during, and after their mortgage is in place.

Tracy and Laurie work closely with their clients, offering advice and options. With access to more than 40 different lenders, Tracy and Laurie are able to assist with residential, commercial, and reverse mortgages in order 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 http://www.okanaganmortgages.com

Visit their 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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