When You Realize How Much You've Paid in Rent...

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Let’s go back 5 years.. If you bought a home at that same payment ($1500 per month) including taxes and insurance, you would’ve bought at roughly $300,000 *area dependent*
➡️ That same home today is now $500,000
➡️ You would’ve paid down the mortgage $12,000
➡️ You would’ve saved about $15,000 in income tax
➡️ $227,000 in equity built and taxes saved

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Meanwhile …

Rents have gone up an average of 8.5% per year over the last 5 years. That $1,500/month apartment or house you’re renting now rents for $2,250 per month.

And your house payment would still be below $1,700 per month with the property tax increases.

Let’s help you buy that house and start building your own wealth! ????????

#tomthelender #homebuying #rentorbuy #homeownership #wealthbuilding #financialfreedom #financetips #wintrustmortgage #shorts
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