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3 reasons it’s easier to buy than lease, from a female whom purchased her first house at 21

3 reasons it’s easier to buy than lease, from a female whom purchased her first house at 21

REUTERS/Mark Blinch purchasing house might be one of the greatest acquisitions you make.

It may additionally be among the smartest.

“some great benefits of house ownership can far outweigh the expense,” writes Lesley-Anne Scorgie inside her guide ” the couple that is modern cash Guide.”

Scorgie is a cash administration mentor and creator of economic mentoring internet site MeVest.

She purchased her first house whenever she had been 21 yrs . old in Calgary, Alberta, right whenever she graduated college.

“I literally had sweat droplets on my forehead me four and a half years to save,” she writes, recalling the memory of her signing away the money she worked so hard to save as I handed the realtor my deposit check for $10,000 — an amount that had taken.

Nonetheless, Scorgie proved it absolutely was worth every penny.

She managed to sell that house seven years later for double just exactly exactly what she paid. After which she managed to buy a far greater home in a far better location by having a mortgage that is small.