From basement suites to full houses, renting is a huge business in this City. If you currently rent, you know that paying out those hundreds of dollars every month to line the pockets of your landlord is not a pleasant task. On a monthly basis, owning your own home won't cost much more than what you are paying for rent. Why pay off your landlord's mortgage when you can easily contribute to your own financial future? If you’re interested in subsidizing your mortgage payments with some supplemental income, why not consider becoming a landlord yourself? Houses and condos with extra bedrooms and living facilities are often not much more expensive than those without.
Here’s a Great Idea...
Secure a mortgage before you begin your searching. Before you begin looking for a property, you should get pre-approved for a mortgage. It is important to make sure that you know your budget, as well as your monthly payments to make sure that they are within your means. Enlisting the help of a professional mortgage specialist is a good idea when it comes to locating a loan that meets your needs. Sometimes a professional will be able to locate more competitive mortgage rates than those offered by a single financial institution.
Where do you go from here?
This information is intended to show that you have options other than paying large monthly payments to your landlord. It is clear that with a little creativity and my help, you can make the switch from renting to owning.
It is important to consider your options. The above suggestions are not designed to make you feel obligated to buy a home but if you are interested in more information, please contact me at firstname.lastname@example.org