The real new math - real estate math!
Learn about my new mortgage accelerator, a program unlike any other program out there.
Let me paint two scenarios:
Scenario #1 - A small single in Vanier
You have a pre-approval for $263,276. You are putting down 20% (total $52,655.20). You plan to live in this house for 5 years. Your monthly mortgage payment is $737.74. After 5 years, you will have paid down your mortgage to $192,483.63 and the value of the property is $305,205.88. This means over the course of the five years living in this house your networth has increased by $112,725.25
Scenario #2 - Stunning, Fully renovated Alta Vista Duplex
You checked with your super excellent real estate agent and his financing wizard, and they took your down payment and got you approved for our Mortgage Accelerator property. You are now buying at $515,000 showpiece duplex, with only 10% down (total $51,500.00). You will be living in for 5 years. Your monthly mortgage payment is $1,628.04, but you are also generating $1,095 in rent, so your new mortgage payment is now only $533.04. After 5 years, you will have paid your mortgage down to $426,508.70 and the value of the property is $597,026.15. This means over the course of the five years living in this house, your networth has increased by $170,517.45
The difference?
Monthly payment is $204.70 less
Your downpayment is $1,155.20 less
Networth Increase is $57,792.20 more
Scenario #2 is the far superior investment than scenario #1. You have a lower monthly payment, less cash needed to purchase the property and your net worth increases by way more.
Let me paint two scenarios:
Scenario #1 - A small single in Vanier
You have a pre-approval for $263,276. You are putting down 20% (total $52,655.20). You plan to live in this house for 5 years. Your monthly mortgage payment is $737.74. After 5 years, you will have paid down your mortgage to $192,483.63 and the value of the property is $305,205.88. This means over the course of the five years living in this house your networth has increased by $112,725.25
Scenario #2 - Stunning, Fully renovated Alta Vista Duplex
You checked with your super excellent real estate agent and his financing wizard, and they took your down payment and got you approved for our Mortgage Accelerator property. You are now buying at $515,000 showpiece duplex, with only 10% down (total $51,500.00). You will be living in for 5 years. Your monthly mortgage payment is $1,628.04, but you are also generating $1,095 in rent, so your new mortgage payment is now only $533.04. After 5 years, you will have paid your mortgage down to $426,508.70 and the value of the property is $597,026.15. This means over the course of the five years living in this house, your networth has increased by $170,517.45
The difference?
Monthly payment is $204.70 less
Your downpayment is $1,155.20 less
Networth Increase is $57,792.20 more
Scenario #2 is the far superior investment than scenario #1. You have a lower monthly payment, less cash needed to purchase the property and your net worth increases by way more.
Comments