When we recall the genesis of our great nation, we can't help but think about the beacon of freedom and independence that beckoned our ancestors to settle in this rugged untouched landscape. Settlers came from around the globe to build their homes from the rough-hewn lumber of the land.
THE AMERICAN DREAM
While the words 'American Dream' still conjures images of a home to call your own, homeownership in America achieves something even more satisfying than simply owning a bit of land. Homeownership creates generational wealth and is vital to securing your financial future. Encourage your children to start saving early or putting a portion of their paycheck into a Roth IRA for that eventual down payment.
If you are a current home owner, you know that owning a home provides an indispensable tool to create wealth that grows the longer you live in a home. When you partner with Mike Thomas Associates, we work hard to ensure the house you purchase is a fantastic investment so you can build wealth and improve your financial security with every mortgage payment.
Owning a home is a keystone of wealth – both financial affluence and emotional security. - Suze Orman
HURDLES TO HOMEOWNERSHIP
Many people today feel that homeownership is out of reach for them, but first-time homebuyers accounted for 34% of all home sales last year. The down payment is perhaps the most common obstacle for those looking to purchase their first home. Many people dreaming of owning a home believe that a 20% down payment is required for any home loan. While 20% is undoubtedly a great way to start, the National Association of Realtors® found that the average down payment was just 12%, and for home buyers under 30, the average drops to 6%.
Another obstacle to homeownership includes a competitive housing market driving up the price of available housing. Don't give up; your real estate professional is here to help you get ahead of the competition and help you create an achievable pathway to make your homeownership goals a reality.
LET US WORK FOR YOU
When you go to work, whatever it is you do, you have a specific role that you play. But as professional Realtors®, our only job is to help you reach your goal of freedom in homeownership. Give us a call today, and let us create a personalized pathway to homeownership for you to help your dreams become a reality.