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It’s priced at $280k. I began to rationalize the price and monthly payments. And even got pre approved for that amount in a mortgage. I currently make about $4,600 a month after taxes and I’m in place.

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Robert-Wilson 2016-07-06 09:20:10 UTC #2 I personal would take the $80,000 and I am assuming you have a reserve and pay down the mortgage. You could invest the $80,000 in an option contract writing.

Is rent-to-own the solution if you can’t get a mortgage. –  · Most Canadians probably haven’t heard about rent-to-own housing. Unlike the U.S., this arrangement is pretty rare in Canada. But that may soon change, as rising interest rates and tighter.

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Calculator results are only estimates. To inquire about your individual financial needs contact us.