Why Homeowners Are Thankful They Own

Written by Seaside FL Mortgage Mortgage Syndicated User on November 24, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Seaside FL, Rent vs. Buy, Seaside FL Mortgage.

Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner.So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits you could look forward to if you buy.It’s a Safe HavenOwning a home goes beyond just having a roof over your head. It provides a sense of security and safety. In fact, in a survey from Fannie Mae, respondents say “having a...

Homeowner Net Worth Has Skyrocketed

Written by Seaside FL Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Seaside FL, Move-Up Buyers, Rent vs. Buy, Seaside FL Mortgage.

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in net worth for both homeowners and renters. Spoiler alert: the gap between the two is significant.The average homeowner’s net worth is almost 40X greater than a renter’s. And here’s the data to prove it (see graph below):The Big Reason Homeowner Net Worth Is So HighIn the previous...