home ownership success stories. everybody loves a good story
TRANSCRIPT
![Page 1: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/1.jpg)
Home Ownership Success Stories
![Page 2: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/2.jpg)
![Page 3: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/3.jpg)
Everybody loves a good
story
.
![Page 4: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/4.jpg)
![Page 5: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/5.jpg)
Here’s a story one of my clients loves to tell over and over…
![Page 6: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/6.jpg)
…but still, no one believes her.
![Page 7: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/7.jpg)
“I had almost $200,000 in equity from my townhouse to use for a down payment, but…”
![Page 8: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/8.jpg)
“…I wanted a real HOUSE.”
![Page 9: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/9.jpg)
“The problem was…”
![Page 10: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/10.jpg)
“I only make $52,000 per year.”
![Page 11: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/11.jpg)
“My bank told me I could only qualify for a place under $460,000.”
![Page 12: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/12.jpg)
“$460,000 would only get me this little house in a bad part of New Westminster.”
![Page 13: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/13.jpg)
“$460,000 would only get me this little house in a bad part of New Westminster.”
![Page 14: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/14.jpg)
“How then did I buy this $842,000 house in the Capitol Hill neighbourhood in Burnaby?”
![Page 15: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/15.jpg)
“How then did I buy this $842,000 house in the Capitol Hill neighbourhood in Burnaby?”
![Page 16: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/16.jpg)
“How did I qualify for a $673,600 mortgage with only $52,000 of income?”
$673,600$52,00
0?
![Page 17: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/17.jpg)
“…and still pay less than $1,100 per month for the mortgage and property taxes?”
![Page 18: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/18.jpg)
“It was just this simple…”
![Page 19: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/19.jpg)
20% Down Payment
35 Year Amortization
2.89% Interest Rate$1,600 per month of rental suite
income$1,280 deducted from mortgage payments
![Page 20: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/20.jpg)
Monthly Mortgage Payment
$2,545Monthly Property
TaxesLess Actual Rental IncomeNet Cost per Month
$ 329($1,83
0)$1,044
![Page 21: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/21.jpg)
My dream ofHOUSE
ownership became...
reality.
![Page 22: Home Ownership Success Stories. Everybody loves a good story](https://reader030.vdocuments.us/reader030/viewer/2022033104/56649ea65503460f94ba93df/html5/thumbnails/22.jpg)
Shea Stoney, B.Comm
The Mortgage Helper
Phone: (604) 461-4346
Address: 2189 Austin Avenue, Coquitlam, BC
Email:[email protected]: www.sheastoney.ca
the Mortgage Helper