If you are in a rental and are paying someone $1500 per month, for an average of the next three years, becomes $54,000 in actual payments that could have been used to pay down your mortgage or improve your property. If you don't believe me, talk to a Mortgage Specialist.
Current interest rates are at 4 - 5% on a blended mortgage balance (variable plus fixed averaging). These rates are at a historically low right NOW. I believe there will be additional interest costs as people ( especially Governments) continue to borrow.
Let me put my team to work to get you the up-to-date information about Mortgage Rates and the payments that you will be making which can be compared to your rent payments.
Contact Betty Bartusevicius at 416.427.1875. You can email me at http://www.bettybart.com/AgentProfile/contactme.cfm
Experience is not expensive; it's Priceless!