Rent or Buy Either Way You re Paying A Mortgage

Rent or Buy Either Way You re Paying A Mortgage. Renting vs Home Ownership - Comparing Rent to Mortgage Options

Rent or Buy Either Way You re Paying A Mortgage video duration 1 Minute(s) 22 Second(s), published by Leslie Don Wilson on 20 09 2018 - 19:30:18.

Hi I'm Leslie Don Wilson Your Realtor ON Duty There are some people who have not purchased homes because they are uncomfortable taking on the It's an increasingly common calculation for British Columbians, especially in the Lower Mainland: is it more cost-effective to rent or take on a mortgage?

. . Utilizing mortgage coach, here is a sample presentation showing all the financial pros and cons of renting vs home ownership
We go into full detail of closing .

Hi I'm Leslie Don Wilson Your Realtor ON Duty
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business explained in their article, “12 Practical Steps to Getting Rich”:
“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”
As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.
Here's what it all boils down to:
Rental Rates are going up. Are you going to continue to make your landlord rich or are you going to make yourself rich?
I'm Leslie Don Wilson Your Realtor On Duty
I Want To Be Your Realtor. Find Out Why People Love Doing Business With Me.