You may have heard some people say it’s better to rent than buy a home right now. But, even today, many good reasons exist to become a homeowner. One of them is that owning a home is typically viewed as an excellent long-term investment that helps your net worth grow over time. Homeownership Builds Wealth Regardless of Income Level You may be surprised Continue Reading
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that there is a symbiotic connection between equity and home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Equity can be defined as the amount of money the owner of an asset would be paid after selling it. Continue Reading
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage Rates So High? When Will Rates Go Back Down? Here’s the context you need to help answer those Continue Reading
One of the many reasons to buy a home is that it’s a significant way to build wealth and gain financial stability. According to Freddie Mac: “Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.” With spring approaching, now’s a great time to consider if buying a Continue Reading
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This leaves some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But Continue Reading
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign Continue Reading
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