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This is amazing.
I’ve put together a spreadsheet that shows the rent – vs – buy comparisons for the cities that make up the Temecula Valley area.
The monthly mortgage payment is based on the state down-payment assistance program (Cal/HFA) which has a below market interest rate of 4.25% and requires a down payment of only 1% (and some closing costs).
The down payment and closing costs may also be ‘gifted’ to the homebuyer by parents, relatives or anyone else for that matter but it has to be in the form of a ‘gift’ not a ‘loan.’
To check it out, click on:
Click on RENT -VS- BUY
Hope you have a great weekend. Call me if I can help you with anything at all.
Ken
951-760-3833
Click on: KEN'S CREDIT REPAIR TESTIMONIALS
Click on: KEN'S PROPERTIES
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