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STOP
wasting money on rent!
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The waste basket is
your apartment.
Your paycheck is...
Just how much are you
throwing away each month or year? How much money are you going
to LOSE
over the next 5, 10, or 15 years of
renting?
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Lost
Money on Rent |
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1 YR |
5 YRS |
10
YRS |
15
YRS |
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$500 |
$6,000 |
$30,000 |
$60,000 |
$90,000 |
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$600 |
$7,200 |
$36,000 |
$72,000 |
$108,000 |
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$700 |
$8,400 |
$42,000 |
$84,000 |
$126,000 |
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$800 |
$9,600 |
$48,000 |
$96,000 |
$144,000 |
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$900 |
$10,800 |
$54,000 |
$108,000 |
$162,000 |
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$1,000 |
$12,000 |
$60,000 |
$120,000 |
$180,000 |
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$1,100 |
$13,200 |
$66,000 |
$132,000 |
$198,000 |
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$1,200 |
$14,400 |
$72,000 |
$144,000 |
$216,000 |
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$1,300 |
$15,600 |
$78,000 |
$156,000 |
$234,000 |
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$1,400 |
$16,000 |
$84,000 |
$168,000 |
$252,000 |
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$1,500 |
$18,000 |
$90,000 |
$180,000 |
$270,000 |
 Staggering, isn't it?
Instead of wasting that
money, why don't you use it to own your own home? It
isn't as hard as you might think!
Did you know you can buy a home
with NO MONEY DOWN?
Question: How?
Answer: Government grants are available, 100%
financing is available, sometimes the seller will
even help you because they need to move ASAP.
But that's not all.................
-
 Owning your own
home can keep more money in your pocket come tax time in
April! Typically for every $1,000 you pay per
month towards a mortgage will provide you $120 in
monthly savings on your taxes - sometimes even more.
- Mortgage payments
will help you build your personal net worth. A
portion of this payment will go towards building equity
in the home.
- The equity you
gain can later be used to help you qualify for loans
such as college and automobile loans.
- Home ownership can
often provide much more privacy than apartment living.
- You might even be
able to qualify for a loan without any work history.
- You might be able
to qualify for a loan even with past bankruptcy.
- You might also be
able to qualify even if you have had a foreclosure in
the past.
- When you sell your
home, the IRS allows you to avoid paying taxes on the
home up to $250,000, or $500,0000 if you are married or
filing jointly.
Additional benefits
to home ownership:
- Have you always
wanted a garage? or the ability to keep a garden?
These are often things that are not offered at an
apartment complex.
- You have the ability to
change your home to suit your tastes. There are so
many things that you can have full control over from
carpet and flooring changes, to paint, fences and decks.
And if this isn't
enough, you might actually pay
LESS than you are paying now!
Some common myths
about owning your own home:
- Myth: You can't
get a mortgage if you've changed jobs often in the
recent past.
Fact: Often lenders can still get you a
mortgage if you can show a stable income. Lenders
understand that people do change jobs.
- Myth: You need
great credit to qualify for a mortgage.
Fact: You might still be able to get a
mortgage to purchase your very own home with less than
perfect credit.
- Myth: You
must have a bank account and credit cards to qualify for
a mortgage.
Fact: While these things can help you
get approval, they are not absolutely necessary.
- Myth: If you
aren't a U.S. citizen, you can't buy a home.
Fact: As long as you are a legal
resident, you may purchase a home in the U.S.
Still unsure? Well, let's take a look at
how much you will
EARN if you own your own home
assuming your home appreciates at approximately 4% annually.
Plus, you get tax benefits and you reduced the principle
amount of your loan a little each year until the entire
value of the home belongs to you.
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Present
Home Value |
Value in
1 Year |
Value in
2 Years |
Value in
3 Years |
Value in
4 Years |
Value in
5 Years |
you gain |
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$110,000 |
$114,400 |
$118,976 |
$123,735 |
$128,684 |
$133,832 |
$23,832 |
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$115,000 |
$119,600 |
$124,384 |
$129,359 |
$134,534 |
$139,916 |
$24,916 |
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$120,000 |
$124,800 |
$129,792 |
$134,984 |
$140,384 |
$146,000 |
$26,000 |
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$125,000 |
$130,000 |
$135,200 |
$140,608 |
$146,233 |
$152,083 |
$27,083 |
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$130,000 |
$135,200 |
$140,608 |
$146,233 |
$152,083 |
$158,166 |
$28,166 |
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$135,000 |
$140,400 |
$146,016 |
$151,857 |
$157,932 |
$164,250 |
$29,250 |
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$140,000 |
$145,600 |
$151,424 |
$157,481 |
$163,781 |
$170,333 |
$30,333 |
And as the home's value
increases, your profits only get bigger!!!!
Do you need help
getting out of your lease? Find out how msWoods will pay up
to $5,000 to help you get out of your lease so you can start
you future as a homeowner!
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Relocating? Free Call 888-230-0255,
Central Indiana Cities & Towns
North, Northeast, Northwest,
Indianapolis: 317-578-3220,
Anderson,
Carmel,
Fishers,
Indianapolis,
Noblesville,
Westfield,
Zionsville
South, Southeast, Southwest: 317-882-1302,
Martinsville 765-349-2022,
Greenwood,
Franklin,
Martinsville
East: 317-467-0405,
Greenfield
West: 317-271-6377, Brownsburg 317-852-2426,
Avon,
Brownsburg,
Danville,
Plainfield
We help people buy and sell real estate
in the following counties:
Boone,
Hamilton,
Hancock,
Hendricks,
Johnson,
Marion,
Morgan,
Shelby
Indianapolis
Real Estate and Homes For Sale
Search through millions of
Nationwide
real estate listings, thousands of
Indiana homes for sale, or thousands of
Greater Indianapolis area MLS listings.
msWoods Real Estate Broker/Owner Michael Woods 4111 Wythe Lane - Indianapolis,
IN 46250
Equal Housing Opportunity
Office Hours: Monday - Friday 9 a.m. - 6 p.m., Saturday 9 a.m. to 4 p.m., Sunday
12 noon to 4 p.m.
msWoods Real Estate, LLC Copyright
1996 - 2006
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