The benefits of Home Ownership are many - and with interest rates at amazingly low levels today - the joys of Home Ownership may be closer than you think!
Appreciation:
Home values tend to appreciate over time. This increase becomes equity you can benefit from when you re-finance or sell.
Equity:
Renting has often been reffered to as paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principle balance of your loan. This builds your equity and acts as a savings account
Freedom to Make It Your Own:
Experience the joy of making your own repairs, upgrades & renovations - to ensure your space is a reflection of you.
Happiness:
The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog or plant a tree if you want. Doesn't that sound exciting!
Build Wealth:
The sale of a principal residence, in the right location and at the right price, can certainly provide enough to boost, if not fully fund, your retirement and /or provide wealth to the next generation.
Put Down Roots:
People who own rather then rent stay in their homes 4 times longer. This provides an opportunity to get to know your neighbors and connect with your local community.
Check out our mortgage calculator HERE and get started planning today!
Comments:
Post Your Comment: