Forest Hill Real Estate Inc., Brokerage*

Phone:
416-755-0123
Fax:
416-755-5536
Contact Us

Forest Hill Real Estate Inc., Brokerage*

Phone:
416-755-0123
Fax:
416-755-5536
Contact Us

Rent Vs Buy : It Costs More to Rent...

Let's talk about something the rental agencies won’t tell you.  Did you know it costs more to rent?   It’s a fact.

Most renters shy away from owning their own home because they assume they would have to have a big down payment and lots of cash up front in order to buy a home.  That just isn’t true.  There are so many factors that affect the initial cost of buying a home.  Lending institutions and government programs go out of their way to make it easier for first-time homebuyers to get a foot in the door.

Now, about the cost of renting vs. buying.  Let’s take a quick look at that.  Let’s say you pay $715 a month on rent.  Now let’s pretend you purchase a home for $100,000 (don’t panic—remember all that first-time homebuyer help I mentioned).  Suppose your loan is a 30 year fixed rate at 6% interest.  Your payment would be around $880 a month if your loan amount is the full $100,000.  Did you know that if you live in that home for just 7 years you could save around $20,000 over your rental, thanks to equity and tax breaks?

If this makes you curious enough to punch in your own numbers, it’s easy!  Just go visit the page our website  and click on the link that says “Rent vs. Buy mortgage calculator.”  You may click the "envelope" icon to email us (contact@foresthillparkview.com) or click the phone icon and we will put you in touch with one of our eaxperoeced agents to help you. (416.755.0123).

 

 

 

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416-755-0123

  

At Forest Hill Real Estate Inc., Brokerage* we uphold an ongoing commitment to providing an elevated level of personal service. Our clients come first, and as a result, they are able to achieve more than they ever dreamed with their real estate investment.

Because we expect more from our associates, you can expect more from us when it comes to the important sale or purchase of your property. When it comes to your next move, we want you to experience the difference exceptional real estate service can make.

Contact us today, for free real estate advice, to find your nearest sales associate or to find your dream home!