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Neighbor News

“Time to Stop Paying $3,000 a Month for Rent”

buy or rent

“Time to Stop Paying $3,000 a Month for Rent”


Good morning Joe.
How
have you been? It has been a while since we have spoken. I hope all is
well with you and the family. I was wondering if you can do a
pre-qualification for a mortgage again. It is time for my family to be
in our own home this year. I am paying too much for rent at this time.

Dr.Xxxxxxxxx

The
thought of someone paying $3,000 a month for rent is just plain crazy
especially when they can own. His credit history consists of payments on
over $300,000 in student loans so he can’t get the best interest rate.
His mortgage payment would be about the same as his rent, but a lot more
deductions on a tax return.


He did tell me that last year he and his wife looked at over 30 properties. Hopefully that will not be the case this year.

Image courtsey of StuartMiles/Freedigitalphotos.net

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