Joanne Nevison says:
What ‘s your style? Cool pared down modern? Victorian charm? Classic elegance?
My Style is SOLD!
October 2010
It’s Time to Buy!
BOO! Did I make you jump? Halloween is meant to be a scary time: I’m just getting into the groove.
But what is really terrifying is seeing folks forking over cash for something that’s not their own. Luckily, it’s a perfect, completely non scary, time to start putting your dollars into something that’s yours: time to buy a home!
Have you looked at mortgage rates lately? They’re at a record all time low! This is opportunity banging at your door with a sledgehammer! Check it out: there are a number of on-line calculators you can use like this one from TDCanada
Trust http://www.tdcanadatrust.com/mortgages/numbers.jsp . Borrowing $300,000 with a 5 year mortgage, 25 year amortization, the monthly payment is about $1500 dollars. Clearly it’s time to take advantage of this cheap money and get into the real estate market. If you’re thinking of moving up, the timing is excellent too! You’re likely to do better, over the long haul, from investing in a home than say, cranking your cash into stocks and bonds. And you can’t live in a stock certificate!
The thrill of owning your own great home wins out over the thunk of handing over a rent cheque every month. I am sure your landlord is just so cool. But he she or it can’t offer you pride of ownership, the thrill of knowing this is yours. Owning is sheer joy, it’s not scary at all AND it makes sense with today’s mortgage rates.
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