Rent vs Own -- What Can You Afford to Buy?

From Kelly Deforge of Shelter Mortgage comes a fabulous chart that shows your buying potential if you were to take your current rent and put it toward buying a home. Why pay your landlord's mortgage? No down payment you say? Talk to Kelly about Rural Development loans that can be 100% of the purchase price. No closing costs? We can talk about how to get those also. Check out the chart below and call Kelly if you have questions. Then call us to help you find a home! Already own? Please pass this on to a friend!

From Kelly Deforge of Shelter Mortgage:
Rental payments and their equivalent purchasing power for a home.
Owning vs. Renting a Home

Monthly Rent --------Home Loan Amount
$800-------------------- $167,000
$1,000------------------ $210,000
$1,200------------------ $251,000
$1,500------------------ $314,000

Contact Kelly to get pre-approved for your new home today!
Taxes and insurance are not included in these calculations.
Subject to change without notification. Information provided should not be considered as a commitment to lend. Offer subject to property and credit approval. Program and other restrictions may apply.
Please contact your Loan Consultant for further details. ©2012 GB Shelter Mortgage
Work with the lender you can trust!
Kelly Deforge Senior Loan Officer
Phone (802) 881-1517 Fax (800) 481-3604
kelly.deforge@gbmail.com
www.kellydeforge.com