homeownership: Unexpected Benefits of Homeownership
- 06/10/15 03:12 AM
You already know about the tax benefits of buying a home and the long-term financial advantages created by rising home values and bankable equity. But some of the associated benefits of homeownership might surprise you.
1. Pride of ownership You understand the idea of pride of ownership, but maybe you've never actually felt it. You will once you put those keys in the door for the first time. And this doesn't just apply to first-time homebuyers. If you've worked hard, saved well, spent smart, and are able to now move up to the home of your dreams, you'll undoubtedly feel it, too.
"America has … (1 comments)
homeownership: You're crazy if you don't buy a house now!
- 04/09/15 03:55 AM
At least that's what a report from Bloomberg said back in 2009. They were talking about rates hovering around five percent. Today, rates are under four percent for a 30-year fixed-rate loan.
Reason No. 1 to buy now: Rates are low "Low mortgage rates continue to keep ownership less expensive than renting," said Investopedia. "Even a small change in interest rates has a significant effect on what you'll pay each month and over the life of a 30-year mortgage. Take a $172,000 30-year mortgage, for example ($172,000 is 80% of the median sales price for existing homes of $215,000 after a 20% down payment). With an … (2 comments)
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