How To Build Wealth With Home Ownership
Home ownership is property ownership and property ownership empowers self improvement and financial freedom.
Let's break it down :
On the surface, paying rent affords us a home to live in. A home that belongs to the homeowner of that property. We are in fact empowering them as owning property empowers the self.
Going deeper, owning property, or owning a home is empowering as a source of building wealth, the wealth of equity. Equity is the portion of your home that you own minus the portion of debt that you owe on it. Building equity is one of the primary financial benefits of homeownership. With great care and special attention, you can use your own home as a valuable asset for any financial need.
When you purchase a home, you borrow what you need. You then make monthly payments to a lender instead of your landlord. Each payment you make reduces that debt generating equity. Generating equity is self propagating as you make extra payments and refinance with shorter loan terms and lower finance rates while increasing the properties value with regular home upkeep and home improvement updates, which can look like this :
With each payment you make towards your home, instead of empowering your landlord, you are empowering yourSELF.
Home ownership can seem greatly intimidating. I get that. Let me show you that you can purchase property and become a homeowner.
If you are interested in paying into your own equity over paying into your landlord's equity, reach out to me and let's talk one on one. Lets see what options are available to you. Or let's just window shop together. We have the best resources and a reliable accuracy to guide you through the full journey from beginning until that day you close on your new home.
Feeling doubts about being approved for a home loan, read more on how homeownership is available to you here :
How To Use Employment History To Buy A House
Looking to purchase a new home? Get in touch with us! We’d be happy to guide you through the process on your journey to homeownership with experts you can trust will work for you.