WHAT YOUR LANDLORD DOESN’T WANT YOU TO KNOW!
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| Investment, Appreciation, Tax Savings |
Stop paying rent! Make your money work for you, instead of your landlord. Each month that you pay rent, your landlord's property is building equity and he is getting the tax benefit from the interest.
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| What you pay in rent |
Home you can afford |
Annual Tax Savings, approximate |
Home Value after 5 Years, approximate |
| $800 |
$100,000 |
$6,450 |
$127,500 |
| $1,070 |
$130,000 |
$8,370 |
$165,900 |
| $1,240 |
$150,000 |
$9,650 |
$191,400 |
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If you rent an apartment for $800 a month for 5 years, you will about $50,000 towards your landlord's mortgage. Think about the equity and tax savings for you, if you invest that money into your own home.
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| Deposit, Down Payment |
You might be thinking,"I haven’t saved enough money for a deposit." Many lenders will offer homebuyers 0% down financing. We have 103% and 107% financing which will finance the closing costs too!
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| Benefits of Owning a Home |
- No Bossy Landlord
- No Apartment Rules
- Pride of Ownership
- Privacy
- Freedom to Decorate
- Financial Predictability
- Build Equity
- Investment Appreciation
- Tax Benefits
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| Should I Buy a Home Now? |
There are some questions to ask yourself if you are thinking of buying a home.
- Do I have a steady source of income?
- Have I been employed on a regular basis for the last 2 or more years?
- Is my current income reliable?
- Do I have a good record of paying my bills?
- It’s time to buy your family a home.
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| 5 Facts That Can Help You Buy Your First Home |
 has zero down programs.- realtors can negotiate for the seller to pay part, or all of your closing costs.
- You may be able to buy a home even if you have problems with your credit.
- works with our clients to help improve their credit.
- You can, and should, get pre-approved for a home loan before you go looking for a home.
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| Equity and Investment |
Homes generally appreciate about 5% a year. Let's assume you got a mortgage and bought a home for $150,000. Suppose you put $15,000 down.
At an appreciation of 5% annually, a $150,000 home would increase in value $7,500 during the first year. That means you earned $7,500 with an investment of $15,000. Your return on investment would be a whopping 50% annual return!
Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.
For example, assume your initial loan balance is $150,000 with an interest rate of 6.0%. During the first year you would pay about $9,650 in interest. If your first payment was on January 1st, your taxable income would be almost $10,000 less, due to the IRS mortgage interest deduction.
Your rate of return when buying a home is higher than most any other investments you could make.
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| All programs are subject to terms and conditions and may change without notice. |
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