Pasadena CondosHave you been considering getting our of your apartment and buying a condo? Tired of wasting $1500 a month on rent and not getting anything for it?
If so, this is the time for you. It has been several years since it was possible to buy a condo in Pasadena and pay less....yes, you hear me.....less per month for a mortgage than you would pay rent in a two or three bedroom apartment.
I recently had a condo go into escrow for $170k. It is a studio, but the monthly payments will almost be identical to paying rent on a one bedroom apartment, and she only put
3.5% down! If interest rates drop any lower, it is only going to get better!
The value of getting into a
Pasadena condo and paying a mortgage (even if it is a little more than rent) is in the equity. As the property appreciates and the market goes back up, you are leveraging the bank's money (at a
low interest rate) to gain equity for yourself!
For more information on buying a Pasadena Condo, click on the link above, or check out these condos on main streets like:
Del Mar Condos &
Cordova Condos.
