C o n t a c t A g e n t s . C A
How To Stop Paying Rent Forever & Own Your Own Home Instead
Renting has two problems - 1- Keeps going up. 2- You are paying some one Else's mortgage, not yours.
Its a facts that if you want to have a roof over your head, you have to pay somebody for that roof. A real estate saying, "You rent or you buy, you pay for the space you occupy."
You might be thinking, "I can barely make the rent, how in the world can I afford to buy?" There's an answer to that, and if you read through, you'll find it. First, let's start with why it's to your advantage to own your own home, then we'll figure out how to make it happen.
Gaining Control: Renting is being out of control - the rent can go up, or the owner can tell you that you have to move. Owning your own home is a stability no one can take it away from you.
Look at it this way - in 25 years, if you rented at $1000 a month, you would have paid out $300,000 and have nothing to show for it. But if you bought a home today for $250,000, at the end of 25 years you would have paid it off and you would own it free and clear.
Obviously the rent goes up, so you would have paid much more than $300,000. And we all know that home prices go up too, so the house would be worth much, much more than $250,000. How much more? Does a million dollars sounds good?
Why buy: Do you know why home prices keep going up year after year? Because the world population keeps growing, but the land stays the same. Didn't Mark Twain say, buy land they don't make it any more.
Become A Millionaire: So how do you become a millionaire? Buy a house for $275,000 and pay it off in 20 years and you'll be one. Oh, you still have to pay off the loan. That's right, you still owe around $50,000 on it, so really you have $950,000 in equity.
I know this sounds ridiculously hard to believe, but consider that 25 years ago people were buying houses here for $50,000. Then consider the Toronto, Calgary or some of B.C areas where small old houses, like the $50,000 or $75,000 ones, are going for $500,000 today. Also imagine that those areas will double in the next 25 years?
In Canada, prices are expected to continue to rise because our population is increasing faster than we are building houses. That's the bottom line. People are coming from other countries, and we're having babies. Unless some disaster causes the number of people to decrease, home prices are expected to continue to climb.
So the question is, what do you do about it? Continue to watch? Or participate and take control of your financial future?
I Can't Aford To Buy A Home!: Let's say you'd like to buy a home of your own, but think you can't afford to do it. I would say just the opposite - that you can't afford not to do it.
The government doesn't want you to keep paying rent for the rest of your life and end up being dependent on the system, so the Federal & Provincial government have so many programs that can help you start the process.
Down The Road Benefits: Once the value of your home increases, you can borrow against it and use the money for whatever you want. Buy a car. Some people use the money to pay method to pay their kids college or get the down payment to buy a second home and rent to some one who does not know the benefit of owning a home, or an investment property.
Get Your First House: There are a number of special first time buyer programs to make it easier, and Real Estate Professionals will definitely explore those ideas with you.
Why Now Is The Perfect Time: Are you afraid it's the top of the market? With interest rates the lowest in 40 years, the risk is greater that the interest rates will go up, and home prices will not go down.
Next step is up to you. I'd suggest sending an email or calling one of the Real Estate Agents Listed on This Web Site. Even if your lease isn't up yet, they should still get you in the process.
Its a facts that if you want to have a roof over your head, you have to pay somebody for that roof. A real estate saying, "You rent or you buy, you pay for the space you occupy."
You might be thinking, "I can barely make the rent, how in the world can I afford to buy?" There's an answer to that, and if you read through, you'll find it. First, let's start with why it's to your advantage to own your own home, then we'll figure out how to make it happen.
Gaining Control: Renting is being out of control - the rent can go up, or the owner can tell you that you have to move. Owning your own home is a stability no one can take it away from you.
Look at it this way - in 25 years, if you rented at $1000 a month, you would have paid out $300,000 and have nothing to show for it. But if you bought a home today for $250,000, at the end of 25 years you would have paid it off and you would own it free and clear.
Obviously the rent goes up, so you would have paid much more than $300,000. And we all know that home prices go up too, so the house would be worth much, much more than $250,000. How much more? Does a million dollars sounds good?
Why buy: Do you know why home prices keep going up year after year? Because the world population keeps growing, but the land stays the same. Didn't Mark Twain say, buy land they don't make it any more.
Become A Millionaire: So how do you become a millionaire? Buy a house for $275,000 and pay it off in 20 years and you'll be one. Oh, you still have to pay off the loan. That's right, you still owe around $50,000 on it, so really you have $950,000 in equity.
I know this sounds ridiculously hard to believe, but consider that 25 years ago people were buying houses here for $50,000. Then consider the Toronto, Calgary or some of B.C areas where small old houses, like the $50,000 or $75,000 ones, are going for $500,000 today. Also imagine that those areas will double in the next 25 years?
In Canada, prices are expected to continue to rise because our population is increasing faster than we are building houses. That's the bottom line. People are coming from other countries, and we're having babies. Unless some disaster causes the number of people to decrease, home prices are expected to continue to climb.
So the question is, what do you do about it? Continue to watch? Or participate and take control of your financial future?
I Can't Aford To Buy A Home!: Let's say you'd like to buy a home of your own, but think you can't afford to do it. I would say just the opposite - that you can't afford not to do it.
The government doesn't want you to keep paying rent for the rest of your life and end up being dependent on the system, so the Federal & Provincial government have so many programs that can help you start the process.
Down The Road Benefits: Once the value of your home increases, you can borrow against it and use the money for whatever you want. Buy a car. Some people use the money to pay method to pay their kids college or get the down payment to buy a second home and rent to some one who does not know the benefit of owning a home, or an investment property.
Get Your First House: There are a number of special first time buyer programs to make it easier, and Real Estate Professionals will definitely explore those ideas with you.
Why Now Is The Perfect Time: Are you afraid it's the top of the market? With interest rates the lowest in 40 years, the risk is greater that the interest rates will go up, and home prices will not go down.
Next step is up to you. I'd suggest sending an email or calling one of the Real Estate Agents Listed on This Web Site. Even if your lease isn't up yet, they should still get you in the process.