I was just talking to someone today who has been renting their current home for the last 13 years. I calculated how much they have paid in rent during that time ($1400/mo for the first 5 years, then $1500/mo for 8 years, and $1550/mo starting August)…THE GRAND TOTAL…$229,550….All paid towards their Landlord’s mortgage, their Landlord’s vacations, putting their Landlord’s kids through school, helping their Landlord reap the tax benefits that come with owning a home, etc. The person was astounded to find out that they have paid almost a quarter of a million dollars in rent. It’s astounding! But you know what, it is more common than you think, but people just don’t take the time to add it up but even small rent payments accumulate into what you could have otherwise used to purchase YOUR OWN HOME. The good news is that it is not too late to turn things around.
If this your situation, you need to call our team of professionals at EXIT Realty Expanded Vision at 480-386-5125 so we can help you put together a plan so you can turn your rent payments into an investment towards YOUR OWN home. It’s not a matter of not being able to purchase, it’s a matter of finding out what you need to do to be able to purchase a home. You do not need 20% down to purchase a home. Call 480-386-5125 so we can get you started.