Stop Paying RENT! Own A New Home!!!
As a Renter, You May Not Be Aware that Your Monthly Rent Payment is Really Costing You.
For Example, Your $700 per month payment is actually costing you $900 each month! As a Renter, You Miss Out on these 3 Advantages:
APPRECIATION:
the value of your home will increase as each year passes.
BUILDING EQUITY: a portion of the mortgage payment is used to reduce the amount owed on you home, hence increasing your overall equity.
MORTGAGE DEDUCTION: a tax benefit to home owners.
| |
RENT |
OWN |
| Monthly Cost |
$700 |
$700 |
| - Appreciation Benefit ** |
$0 |
$150 |
| - First year Principal Reduction * |
$0 |
$50 |
| Actual Cost of Living in Home |
$700 |
$500 |
| MORTGAGE DEDUCTION |
$0 |
$0 |
As you can see from above, you are actually LOSING the benefit of $200 each month by renting instead of owning this property.
WOULDN'T $2400.00 WORTH OF EQUITY AT THE END OF 12 MONTHS BE BETTER THAN THE NOTHING THAT YOU HAVE NOW IN THE HOME AS A RENTER??
* This example is based on a $70,000.00 loan at 8.5% APR
** Calculated with a 3% annual appreciation value
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 WSJ.com: Real Estate
Room to Let: Finance Firms Need Tenants - 3 days ago
After loading up on lavish office space near the top of the market, some firms are trying to sublease what they don't need for as much as 30% less than their rental rate.
Flipping Sides - 3 days ago
The number of former mortgage lenders and brokers finding ways to make a living from the foreclosure crisis continues to mount.
REITs Book a Blockbuster Quarter - 3 days ago
Real-estate-investment trusts staged the best performance in their history during the second quarter on growing perceptions that most REITs are out of immediate danger.
Bumpy Recovery in the U.K. - 3 days ago
Industry experts say the United Kingdom's commercial-property market is starting to recover, but property companies are facing declining rents.
Dubai Developer Talks Signal Mergers - 7 days ago
Emaar, the Middle East's largest developer, is in talks to merge with three state-controlled property firms because of a sharp downturn in the emirate's property market. |
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