buy a house: One of the Top Reasons to Own a Home - 09/19/19 05:48 PM
One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.
If your home has appreciated since the time you purchased it, that increase in value also raises your equity. Over time, the equity in your home could be substantial. Recently, CoreLogic revealed that the average homeowner gained more than $65,000 in equity over the last 5 years.
Unlike … (0 comments)

buy a house: 5 Powerful Reasons To Own Instead Of Rent - 07/12/19 06:18 PM

 
Owning a home has great financial benefits.
In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:
“Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ savings with mortgage amortization and nominally fixed payments, and the potential to lower home maintenance costs through sweat equity.”
Let’s breakdown 5 major financial benefits of homeownership:
1. Housing is typically the one leveraged investment available
Homeownership allows households to amplify any appreciation on the value of their homes by a … (2 comments)

buy a house: What Is The Cost Of Waiting Until Next Year To Buy? - 06/08/19 07:18 AM

information provided by: KCM
The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to by visiting: TeamStiller.com   
 
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buy a house: How To Put Your Housing Cost To Work For You - 04/08/19 04:02 PM
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.
The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.
For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with … (2 comments)

 
Abby  Stiller, Professional Bilingual Realtor (239) 284-8637 (REMAX Realty Group) Rainmaker large

Abby Stiller

Professional Bilingual Realtor (239) 284-8637

Cape Coral, FL

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REMAX Realty Group

Address: 3960 Radio Road suite 106, Naples, FL, 34104

Mobile: 239-284-8637

Fax: 239-214-6078

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