Beware of this risk when making extra principal payments on your mortgage homeownering.com/blog/2018/0β¦ via @homeownering (It's exactly why we need the Consumer Financial Protection Bureau, a voice to protect the public from fraudulence! Public tax dollars pay for this service)!
Building wealth through homeownership is a smart move! π π° With each mortgage payment, you're increasing your home equity. Remember, it's all about long-term growth! #HomeEquity#WealthBuilding π‘π΅
Do you want to be a homeowner BUT you're waiting for lower rates? It's a possibility that you might have mortgage rate FOMO
If so, I have a cure for that [see link to full video in the replies]
With inflation still stubbornly high, many economists are predicting that the fed's rate cuts will be delayed.
Another reason to look back at history, to get some perspective on today's mortgage rates:
ft.com/content/9d58ff6a-c6c4β¦
I am often struck by how a lot of younger folks feel homeownership is out of reach, yet often pay so much for rent (inflation, housing competition, etc.).
So I did an exercise on 3 ways to buy 1 property, exploring ways to bring costs down (see replies for link to full video)
The average homeowner tenure is now almost double what it was in 2005 - 11.5 years vs. 6.5 years
Remember when the line was "people stay in their homes an average of 7 years?" Not true anymore.
redfin.com/news/homeowner-teβ¦
There are certainly a number of issues that can be uncovered during a home inspection that can make you walk away from buying a property.
Foundation issues can often be a major deal breaker
homeownering.com/blog/2024/0β¦
You may have more options than you think to make homeownership more affordable.
Here are 3 ways to buy 1 property, to help you think outside the box a little (link to full video in replies)
#homeownership#buyingahome#multifamily#rentalproperty
Many people are familiar with FHA loans for single family homes.
In NYC, FHA loan limits are often below what's needed.
But did you know that FHA multifamily loans are also available for properties with 2, 3 and 4 units? They come with higher loan limits
homeownering.com/blog/2024/0β¦