Why Buy Your Own Property?

Every tenant who says they can't possibly take on the responsibility of a mortgage is in for a pleasent surprise. Because they are already making a monthly mortgage payment. It just happens to be their landlord's and its the landlord who is building up equity in his property--not the person making the payments.

The examples noted below show how large a mortgage, your current rent would support with a downpayment of 5% or as low as 0% with some cash back.

Your Rent	Mortgage Amount	5%Downpayment	Potential Purchase
$800	$125,000	$6,600	$131,600
$900	$140,600	$7,400	$148,000
$1,000	$156,000	$8,200	$164,200
$1,200	$187,500	$9,900	$197,400
$1,400	$218,800	$11,500	$230,300
$1,600	$250,000	$13,200	$263,200
$1,800	$281,300	$14,800	$296,100

The Examples are based on a 25-year amortization, with a 5-year term at a rate of 6% interest and subject to CMHC guidelines. Municipal taxes not included in the above calculations.

To view residential and commercial listings please visit our Real Estate websites.

www.winnersrealtyteam.com or www.homelifewinnersrealty.com