June is National Homeownership Month, and to celebrate, we’re listing the benefits of owning a home! For many, our homes have become workplaces, schools, and provided a safe harbor during the pandemic. American homeownership has risen to its highest point in eight years, to 65.6 percent. According to a survey by Gallup, real estate topped the best investment for the eighth year in a row.
The benefits of owning a home are exponential:
Equity: Owning a home builds equity, which grows with each mortgage payment you make. Eventually, you can use the savings to accomplish big financial dreams.
Pride: Homeowners can all agree, having a space that is solely yours is a fantastic accomplishment. After customizing it to your personal style, a home can effortlessly reflect your values and aesthetic.
Stability: Financially, house payments are typically steady, while rent payments rise. The more practical option for budgeting is associated with homeownership.
Security: Privacy is an essential factor for people who are renting. Homeownership gives you a sense of privacy and security that is typically not associated with rental units.
Value: As home prices rise, owning a home ensures you have an investment that steadily gains value.
Community: Homeowners generally have a connection to their neighborhoods and are involved in social and security standards set by the group.
If you already own your home, celebrate the value it has brought you this June. If you hope to become a homeowner, contact the experts at EB Mortgage to get pre-approved today!
EB Mortgage is a locally owned mortgage company with experts in a new home purchase, refinancing, and commercial loans. Our wholesale rates can’t be beaten. We offer more products, more options, and more solutions. Our “3C” Process is simple: complete our pre-approval request, consider options based on your requirements, and choose the offer that suits your needs best. Call us at 866-246-0516 or e-mail firstname.lastname@example.org today.
Written by the digital marketing staff at Creative Programs & Systems: www.cpsmi.com.