| Do you spend time looking through Real Estate advertisements wishing that you could own your own home? Are you tired of paying the landlord’s mortgage and want to pay your own? Struggling to save for a down payment and still pay the rent?
If you are currently paying $1200 - $1600 in monthly rent, have good credit (no past bankruptcies) and have stable employment (min 2 years), then you are a prime candidate for the "No Down Payment" program.
Stop throwing away your hard earned money. With this innovative new program, home ownership without having any down payment has never been easier. My testimonial page tells the stories of real people who have become homeowners breaking the “renter’s rut” while building financial wealth through real estate. Just fill in the form below to send for your free copy of “BUYING WITH ABSOLUTELY NO MONEY DOWN.”
Examine the following chart which illustrates the difference between renting and purchasing a home.
| Monthly Rent: |
$1200 |
No. of Years you plan on keeping the home: |
10 |
| Annual Rent Increases: |
2.5 % |
Yearly Appreciation on the Home: |
4.5 % |
| Monthly Renter Insurance: |
$30 |
Annual Home Maintenance: |
0.8 % |
| Savings or Investment Rate: |
5 % |
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Results:
An initial monthly rental payment ot $1,200.00. We assume that your rent will increase by 2.5% per year.
You are considering buying a home valued at $200,000.00, with a down payment of 0% or $0.00. Your monthly mortgage payment of $1,151.85 includes both principal and interest and is based upon a loan amount at an interest rate of 4.9%. Because your down payment is less than 25%, we have included Mortgage Insurance to be paid on a monthly basis.
Summary:
By buying your home versus renting you will have saved $169,708.19 over the next 10 years. (Net Appreciation - Total Investment Return + Total Rental Payment - Total Mortgage Payment)
Breakdown of this Analysis:
| Total Rental Payment: |
$164,928.70 |
Total Mortgage Payment: |
$158,714.32 |
| Down Payment: |
$0.00 |
Home Value: |
$310,593.88 |
| Interest Earned: |
$0.00 |
Remaining Loan Balance: |
$147,100.07 |
| Total Investment Return: |
$0.00 |
Net Appreciation: |
$163,493.81 |
If you project that you will keep the home for the next 10 years, then the above example shows your financial gain over that 10 year period.
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