In this video I'll explain how you can pay someone else's mortgage and stay on rent, allowing you to save up for a larger down payment and reduce the amount of debt you take on. We'll also discuss the advantages of renting, such as the flexibility and reduced risk of being stuck in a large mortgage. Finally, we'll look at some of the risks associated with paying someone else's mortgage, such as the possibility of the owner defaulting on their loan or the tenant being evicted. We'll conclude by providing some tips on how to make sure you are getting the best deal when it comes to renting and paying someone else's mortgage.
Time Stamps
00:00 Intro
01:07 Cost of Renting vs. Buying
06:26 The checklist: Before you buy!
13:27 A 3Step process: Making a plan

I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).

I help First time home buyers & investors make smart real estate decisions based on numbers and not emotion. Want to book a call (It's free )
https://www.growwithnav.com/bookacall

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MORE ABOUT ME
My mission is to provide you with actionable content that enables you to build your wealth and live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job to today, where I recently quit my job after building my side hustle to a cool 6figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.