Jerome
R. Wilkerson
Preferred
Senior Licensed Agent
Top
1% of Agents
Nationwide
VIDEO INTRO
20% of Your Monthly Rent Credited towards Your Future Home Purchase!
Example: Rent at $800.00 per month x 20%
= $160.00 per month x 6 months left on Lease
= Future Home Purchase Credit of $960.00!
CALL 775-7050 FOR DETAILS NOW!
OTHER FACTS AND FIGURES:
- Most leases have an "out clause" that allows you to purchase a Home with no penalty.
- Your 1st mortgage payment on your new home can be structured to not start for 6 weeks - to off set any re-letting fee.
- The average rate of appreciation on residential property in Austin for the last 10 years was 7.5% per year; on a $150,000 home this equals $11,250 per year average.
- Income tax deductible interest payments on a $150,000 loan principle of 7% for 30 years is $10,500 1st year.
- Property taxes are deductible from income tax. On a $150,000 home around $3,300 1st year.
- Some closing costs are deductible from income tax. On a $150,000 home possibly $1,500 1st year.
Based upon $40,000 total household income for a couple at a 20% income tax rate-$14,310 1st year loss or a monthly loss of $1,192.50. Multiply $1,192.50 by the number of months you delay investing in your future. [Example: 4 months = loss of $4,770.]
Home ownership doesn't cost...it pay$.
IF YOUR RENT PER MONTH IS... |
YOU WILL PAY THIS WHILE LOSING TAX BENEFITS AND
APPRECIATION. |
||
| IN 3 YEARS | IN 5 YEARS | IN 10 YEARS | |
| $600 | $23,832 | $43,957 | $114,750 |
| $650 | $25,818 | $47,620 | $124,304 |
| $700 | $27,804 | $51,283 | $133,874 |
| $750 | $29,790 | $54,946 | $143,437 |
| $800 | $31,776 | $58,609 | $152,999 |
| $850 | $33,762 | $62,272 | $162,562 |
| $900 | $35,748 | $65,935 | $172,124 |
| $950 | $37,734 | $69,598 | $181,687 |
| $1000 | $39,720 | $73,261 | $191,249 |
*Assumes 10% annual rent increase |
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YOU CAN'T AFFORD TO STAY IN YOUR LEASE!
*Disclaimer: The above is offered as an example.
We cannot predict future trends, nor do we claim to be C.P.A.'s or Certified
Financial Planners. We therefore strongly recommend you seek independent
counsel for your specific financial situation.
(512) 775-7050
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