STOP RENT AND OWN YOUR HOME TODAY: BRONX AFFORDABLE HOUSING PROGRAM
STOP RENT AND OWN YOUR OWN HOME TODAY!!
TIRED OF PAYING FOR A PLACE YOU WILL NEVER OWN?
START THE PROCESS OF HOME OWNERSHIP TODAY!!
MAJOR DISADVANTAGES OF RENTING:
- Lack of control of the property – The owners/managers of the property are responsible for repairs and general upkeep; if they do not do this well and promptly, you might be stuck with unpleasant (or even unsafe) living conditions (from leaking faucets to broken windows) for some period of time.
- Rental Hikes – Property owners can raise your rent (with proper notice) which will increase your costs.
- Property Restrictions – Some property owners have restrictions such as, no children or pets.
- No Equity Benefits – Although you are helping pay the owner’s property taxes through your rent, you cannot claim any deduction for these taxes on your tax return. The owner is also gaining equity in his/her property, but you are not. Equity is increased value in any property you own. But, as a renter, you are not building any equity.
Have you heard about our…
AFFORDABLE HOUSING PROGRAM?
Low Down Payment – Start the process with low down payment
Closing Cost Assistance – Sellers willing to help pay your closing costs
Credit Repair – If your credit does not meet the FHA requirement, we will help get the necessary repairs
STOP PAYING RENT FOR A PLACE YOU WILL NEVER OWN!
Monthly Rent 1 Year Rent Paid 5 Years Rent Paid 10 Years Rent Paid
$1,000 $12,000 $60,000 $120,000
$1,500 $18,000 $90,000 $180,000
$2,000 $24,000 $120,000 $240,000