Renting and Buying a Home
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Mary has just moved to a new city and is looking to either rent or buy a new home
And when you rent I will will take care of outdoor maintenance and any repairs needed
She has meet up with the Landlord of a small apartment building
But with renting comes possible roommates. Not to mention this apartment has a monthly payment of $1,200! Too expensive for Mary
Next Mary meets up with a local real estate agent who shows her a small affordable house with a cheaper monthly mortgage payment
With this home you will be able to build up equity if you don't miss your mortgage payments
Soon Mary arranges an appointment with her agent to offer her down payment to buy the house.
Now we can send this to the seller and see if they accept the offer!