Homebuyer Tips: Homeownership is a great way to build wealth in America!

Homebuyer Tips

From Catherine Mitchell, The Intentional Realtor®™,

Homeownership is a great way to build wealth in America

Many people have a goal in life to become wealthy and there are many ways to acquire such wealth, from starting a business, investing in commodities, saving or if you’re lucky, winning the lottery!  One of the easiest and most underappreciated ways to build wealth is through homeownership.

Homeownership

Buying a home sets the wheels in motion for your investment to gain value.   The difference between what you owe on your home and the amount that your home is worth (what someone would pay for it in the current market) is your equity.  61% of a homeowner’s net worth is tied into home equity.  As you pay down your mortgage loan, equity increases.  Equity in your home contributes positively to your financial well-being.

Wealth

There’s no better substitute for building wealth than homeownership.  Homeownership has the ability to offer financial security and stability.  Once a mortgage is paid off on a home you have complete financial freedom.  With that freedom you have a variety of options.  You can enjoy living in your home that you own free and clear, you can sell, or you can rent.  With no mortgage payment you now have extra income that you can save toward building wealth to go along with the value of the home itself. 

American Dream

Being a homeowner is part of the American dream. Leverage that dream into growing your wealth!  The average net worth of a homeowner is 36 times greater than a renter, making homeownership a great financial investment for your future.

  

Connect with Catherine:

As The Intentional Realtor®™, my goal is to help you achieve the reality of homeownership.  I’ll do my best to find the perfect home for you that will help you to obtain wealth, which is why securing a good Realtor® is in your best interest to help you get the home of your dreams.   
For this and more real estate needs by The Intentional Realtor®™, connect with me, Catherine Mitchell, at (704) 898-0605 http://www.catherinemitchellrealty.com/

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