According to The U.S. Federal Reserve Board's Survey of Consumer Finances, the average renter accumulated a little over $4,000 in net worth whereas homeowners earned an average of $184,000.
Those figures translate to an additional earning of $1,500 a month, or $18,000 a year!
"Home is not only where their heart is, it's where their wealth is too."
"The tax saving on mortgage interest alone makes up the difference between rent and a mortgage payment."
"IRAs amd 401(k) accounts have a provision that allows first time home buyers to permanently withdraw up to $10,000 for the sole purpose of buying a home."
"Too often buyers can research their own situation and determine that there is no reason to apply for a mortgage because [of low credit score]."
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