Why not own a London Ontario condo, especially if you are paying rent over $850 per month!
Have you been renting your place for long? If so, you have probably become intimately familiar with the disadvantages of being a tenant: increasing rents, odours, uncorrected maintenance problems, and unsympathetic landlords.
Why, then, are you renting? Others who have just purchased their first house or condo tell me they rented for three basic reasons:
- Lack of down payment money.
- Fear of not being able to qualify for a mortgage.
- Uncertainty of the benefits of home ownership.
As homeowners today, or should I say condo owners, they now realize their fears were groundless. There are many mortgage options available and with today’s low interest rates, monthly payments, condo fees and taxes can be lower than the rent you are currently paying!
Does that not make sense?
If you want to own your own house or condo, call me today at 519-435-1600 or drop me an email, I will be happy to explain the benefits and make arrangements for a prequalification telephone or face to face interview with a mortgage lender or two. They will be able to guide you and make recommendations so that you will be able to buy, even if it is 3-6 months from now.
Then, with your questions answered, and knowing where you stand, you will be free to make your house or condo buying dreams come true!