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Home Ownership Success Stories

Home Ownership Success Stories. story. . Everybody loves a good . Here’s a story one of my clients loves to tell over and over…. …but still, no one believes her. “I had almost $200,000 in equity from my townhouse to use for a down payment , but…”.

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Home Ownership Success Stories

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  1. Home Ownership Success Stories

  2. story . Everybody loves a good

  3. Here’s a story one of my clients loves to tell over and over…

  4. …but still, no one believes her.

  5. “I had almost $200,000 in equity from my townhouse to use for a down payment, but…”

  6. “…I wanted a real HOUSE.”

  7. “The problem was…”

  8. “I only make $52,000 per year.”

  9. “My bank told me I could only qualify for a place under $460,000.”

  10. “$460,000 would only get me this little house in a bad part of New Westminster.”

  11. “$460,000 would only get me this little house in a bad part of New Westminster.”

  12. “How then did I buy this $842,000 house in the Capitol Hill neighbourhood in Burnaby?”

  13. “How then did I buy this $842,000 house in the Capitol Hill neighbourhood in Burnaby?”

  14. “How did I qualify for a $673,600mortgage with only $52,000 of income?” $673,600 ? $52,000

  15. “…and still pay less than $1,100per month for the mortgage and property taxes?”

  16. “It was just this simple…”

  17. 20% Down Payment 35 Year Amortization 2.89% Interest Rate $1,600 per month of rental suite income $1,280 deducted from mortgage payments

  18. $2,545 Monthly Mortgage Payment $ 329 Monthly Property Taxes ($1,830) Less Actual Rental Income $1,044 Net Cost per Month

  19. My dream of HOUSE ownership became... reality.

  20. the Mortgage Helper Phone: (604) 461-4346 Address: 2189 Austin Avenue, Coquitlam, BC Email: sstoney@dominionlending.ca Website: www.sheastoney.ca Shea Stoney,B.Comm The Mortgage Helper

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