| Let's
compare Rent vs. Buy
Interest rates have not been this low
for many years. In this example, you are paying $900.00
dollars a month in rent. Say, fo rthis same example
your mortgage payment will be the same $900.00 a month.
You Should Buy!
Why? If you buy for $125947.83
(the maximum you would qualify for) you will pay down
your mortgage of $120947.83
by $13984.23
over 5 year(s) with your Principal and Interest payments
of $700.00 per month, plus your property will increase
in value by $27286.96
for a total investment growth of $41271.19.
This total is greater than your total
investment growth from renting, which is approximately
$1083.26
after 5 year(s). This was calculated by growing the
monthly savings from renting ($0) plus your current
downpayment of $5000.00
at a standard after-tax rate of 4% per annum.
Note: This is an example.Information
is provided for sample purposes only. Its accuracy is
not guaranteed. Information should be verified and should
not be relied upon as legal, financial, or other advice.
These are some
of the lenders that we deal with;
AGF Trust Company - Alta West Mortgage Capital Corporation
- ATB
Financial
- Apex Credit Union Ltd. (ACU)
- The Associates - B2B
Trust - Bank
of Montreal
- Bridgewater
Financial Services Ltd.
- Business
Development Bank of Canada (BDC)
- CEG
Mortgage -
CIBC Mortgages Inc. (CMI)
- Canadian Home Income Plan
- Canadian Western Bank
- Canada ICI Commercial Mortgages Inc.
- Canada
Mortgage and Housing Corporation (CMHC) - Canada
Life Mortgage Services Ltd. - Canada
Trustco Mortgage Company - Canadian
Mortgage Capital Corp. (CMCC) - CanEquity
Mortgage -
Capital
City Savings and Credit Union Limited
- Capital
Direct Lending Corp.
- Capri
Mortgage Corporation
- Citi
Financial
- Citizens Bank of Canada
- Clarica Life Insurance Company
- CONEXUS Credit Union
- Coast
Capital Savings
- Community
Trust Company Ltd.
- Co-operative
Trust Company of Canada
- Co-operators
Life Insurance Company
- Cove
Mortgage Ltd.
- Desjardins
- Desjardins
Financial Security Life Assurance Company - DUCA
Financial Services Credit Union Ltd. - Effort
Trust Company
- Empire
Life Insurance Company
- Envision
Credit Union Ltd.
- Equisure
Trust Company
- Equitable
Life Insurance Company of Canada
- Equitable
Trust Company
- First
Calgary Savings
- First
Circle Financial
- First
Marathon Mortgage Corporation
- First
National Financial Corporation
- FirstLine
Mortgages
- FirstOntario
Credit Union Limited
- Gibraltar
Mortgage -
GMAC
Commercial Mortgage
- Great-West
Life Assurance Company
- Household
Financial Corporation of Canada
- Home
Trust Company
- HSBC
Bank Canada
- ICI
Mortgages Managers Inc
- ING
Direct - Intel Financial Inc.
- IntesaBci Canada
- La Capitale Group Financier Inc.
- Laurentian Bank of Canada
- League Savings and Mortgage Company
- London
Life Insurance Company
- M.R.S.
Trust Company (MRS Trust) - MCAP
Mortgage Corporation
- Mackenzie
Financial Corporation
- Manulife
Financial
- Maple
Trust Company
- National
Bank of Canada
- Pafco
Insurance Company
- Peace
Hills Trust Company
- Peoples
Trust Company
- Prospera
Credit Union
- ResMor
Capital Corp.
- Scotiabank
- Sun Life Assurance Company of Canada
- Sun
Life Financial Trust Inc.
- Surrey
Metro Savings
- TD
Canada Trust
- Unisource Mortgage Corporation - Vancouver
City Savings Credit Union
- Xceed
Mortgage Corporation |
