Stop Paying Rent

Start Building Your Equity: Don`t Keep Paying Another Cent in Rent To Build Your Landlord’s Equity . . .

Are you feeling trapped and stuck in the rut of being a Home Renter? If owning a home is your dream you may not have to feel trapped anymore. Here are a lot of freedoms that go with owning a home (you can make structural changes, etc.  Owning a home also has its responsibilities and obligations as well.  When you choose Mike as your real estate agent he can help you with his Mensa mind to determine if owning a home may be best for you.

You Don’t Have To Feel Trapped Anymore

It doesn’t matter how long you have been renting a home, nor does it matter how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can save for a down payment so that you can stop wasting thousands of dollars on rent that builds your  landlord’s wealth é equity.

Mike Donia is pleased to present these six facts about buying real estate that are not so common knowledge. When you select Mike to be your Real Estate Agent he can help you overcome the misperception that you will need to save a large sum of money to present as a down payment, Sure the more you put up front in terms of down payment will reduce the monthly payments yet as presented in the ZERO MONEY DOWN page it isn’t as difficult and insurmountable as one might think. Here are six points in support of this:

 

Six Little Known Facts That Can Help You Buy Your First Home

Government Programs To Help When Buying Real Estate

With various local or federal government programs (such as 1st time buyer programs) a person with a decent credit record history can buy a home with much less down than one might  These government programs have been designed to help people get into the housing market. Qualify as a first time buyer even if your spouse has owned a home before (just so long as your name was not registered previously. With more than 25 years of real estate experience + REMAX Hall of Fame distinction, Mike is knowledgeable about available home buying programs and legalities of buying and selling real estate.

 

Buy a home with much less down than you think

When you choose Mike Donia as your Real Estate Agent he can help you prepare to negotiate so that your lender may help you with your down payment and closing costs. Remember too that assets that are `clear and Free` can also be used as collateral for a loan that would serve as a down payment.

Yet another option is that you may be able to negotiate with the real estate seller so that they would help you buy and finance your home

This is what is known as a second mortgage for you as a seller take-back. In this case, the seller becomes your lending institution and instead of paying this seller a lump sum full amount for his or her home, you would pay monthly mortgage installments.

How to create a cash down payment without actually going into debt.

You may be able to generate a significant tax refund for yourself that you can use as a down payment by borrowing money for certain investments to a specified level. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

If you have problems with your credit rating it may still be possible to buy a home.

If you can secure the loan with other equity of offer more than the minimum down payment, many lending institutions will consider you for a mortgage.  Alternatively, a seller take-back mortgage, as presented above, could also help you in this situation.

Get Pre-approved For A Home Loan Before Going To Look For A Home – Its EASY!

When shopping for a home being pre-approved gives you both confidence and complete peace-of-mind. Our Mortgage Expert: Ron Gallo, Mortgage Account Manager at Royal Bank of Canada can help you obtain written pre-approval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written pre-approval is as good as money in the bank. At the end of this process you will have completed the credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home to buy. Ron offers personalized executive mortgage services on behalf of an Industry Leader and we choose Ron he complements the Donia Difference very well. 

When shopping for a home being pre-approved gives you both confidence and complete peace-of-mind. Our Mortgage Expert: Ron Gallo, Mortgage Account Manager at Royal Bank of Canada can help you obtain written pre-approval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written pre-approval is as good as money in the bank. At the end of this process you will have completed the credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home to buy. Ron offers personalized executive mortgage services on behalf of an Industry Leader and we choose Ron he complements the Donia Difference very well. 

Should you be questioning whether to be a renter or a home owner follow in our presentation of real estate information are some thoughts encouraging home ownership.  At the forefront is the question of why would you continue to lose thousands by throwing it away on rent when with Mike Donia as your real estate agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning.

A conversation with Mike Donia costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you will be when you are ready to make this important step to buy real estate.

Mike Donia is the professional real estate agent that professionals recommend.

Contact Mike: Email: mdonia@trebnet.com

Tel: 905.456.3232 or 416 233- 9000

Buying Real Estate

Avoid Mistakes     Avoid Traps     Save Money     Back To Top Of Page     Upgrading     Mortgage Info

Selling Real Estate: SOLD Fast + For Top Dollar Tips

How Long Will It Take To Sell?     Avoid Mistakes     Passing Inspection