Paying rent every month can feel like the only option — but what if that same amount could go toward owning a home instead? Many renters assume they can’t afford a mortgage, but the reality might surprise you. Let’s take a closer look at what’s really possible.
Me: Paying $2,300/month in rent while convincing myself I “can’t afford a mortgage.” 😅
Brain: “Make it make sense…”
Sound familiar?
Here’s the twist: If you’ve been paying rent reliably every month, guess what? You’re already demonstrating exactly what lenders want to see — consistent payment history and the ability to manage monthly housing costs.
So why do so many renters still believe homeownership is out of reach?
💭 The Real Problem Isn’t Income — It’s Misinformation
Let’s debunk the big myths:
❌ Myth: “You need a massive down payment.”
✅ Truth: There are programs that let first-time buyers get started with as little as 5% down.
❌ Myth: “My credit isn’t perfect, so I can’t qualify.”
✅ Truth: Many buyers qualify with average credit — and I can connect you with mortgage pros who know how to work with your situation.
❌ Myth: “A mortgage costs way more than rent.”
✅ Truth: In many areas of Ontario — like Thorold, Niagara, and other growing markets — your mortgage could actually cost same as what you’re paying in rent today.
📊 Let’s Do the Math (Real Quick):
Monthly Rent: $2,300
That’s $27,600/year you’re spending to build someone else’s equity.
Over 5 years? That’s $138,000 you’ll never get back.
Now imagine putting that same energy (and money) into your own home. 👀
🏡 So, What’s the Move?
You don’t need to figure this all out on your own. I’m here to guide you through every step — from mortgage pre-approval to getting keys in your hand.
Whether you're curious, skeptical, or ready to make a move, the first step is just starting the convo.
📣 Let’s Talk About It
📞 Call/Text: 647-560-9377
📧 Email: [email protected]
🔎 Start browsing: claudiawrightrealestate.com
Because if you can afford rent… you might already be able to afford your future.