“Owning vs Renting is a NO Brainer”
Good afternoon Mr. Petrowsky,
My name is Anthony XXXXXXX, Kathy XXXXXXX was gracious to provide me with your contact information. I had a conversation with her regarding how we, my fiancé and I, "look" if we were to apply for a mortgage. Kathy said you would be able to help us answer those types of questions. We may have an opportunity to purchase the Townhouse we are currently renting, it was kind of sudden how it came about and we would like to know "where" we are. The asking price is 300K and we are currently paying $2600 per month rent.
I can be reached at 860-XXX-XXXX to discuss this further.
After running the numbers for the client, with just over $10,000 down their monthly mortgage payment would be less than what is being paid for rent. SO WHY RENT?
They shared a few crazy reasons, but when I told them what the mortgage payment would be and what the down payment would be it didn’t take them long to decide to become homeowners. They discussed with the seller that they didn’t have enough money for closing costs, so they finalized a purchase agreement to include the seller paying the closing costs.
Get the interest deduction as a tax benefit, getting principal reduction each month and building equity is always better than collecting rent slips.
Image courtesy of StuartMiles/Freedigitia;photos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.