Infographics
The Big Difference Between a Homeowner’s and a Renter’s Net Worth
Some Highlights
- Homeownership is one of the best ways to build wealth in our country and it’s easy to see why.
- As you pay down your mortgage and as home values rise over time, you gain equity – and that helps grow your net worth. That’s why a homeowner’s net worth is nearly 40X greater than a renters.
- But you should only buy a home when you’re ready and able to do it. If you want to build a plan to get there, connect with a local agent.
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Some Highlights
- There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
- And if you want to give your savings a boost, look into down payment assistance. Most first-time buyers qualify and the typical benefit is $17,000.
- To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
Some Highlights
- Have you been holding off on downsizing? If so, you should know your equity could make your move possible.
- Homeowners today have so much equity that a record number are buying their next house in all cash. And that has some big benefits like making their offer more appealing, potentially closing faster, and not having a mortgage payment.
- To find out how much equity you have in your current house, connect with a local agent. Because it may be enough to fuel your move.
Some Highlights
- Whether you’re planning to move soon or not, you want to be strategic about which home projects you take on. Because not all of them will be worth it.
- Before you decide what upgrades to tackle, talk to an agent who knows what’s in demand in your area and where you’re most likely to recoup the costs.
- Connect with a local agent so you know which projects are actually worthwhile.
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