Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)!

Put Your Housing Cost to Work for You

As we’ve said before , simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments :

“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home. ”

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, meet with a real estate professional in your area who can guide you through the process.

YOU CAN BUY A HOME, CALL US AND TAKE THE RIGHT STEPS.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.” If you have already started in our Qualification Coaching Program, call us, so we can check your progress!

Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. Scott Harris & Jani Mansour
NMLS # 375517 – NMLS # 877007
www.MortgageXperts.com

J. Scott Harris Old age men with liver and kidney disease should take a low dose of ED pills. purchase levitra online Despots, controllers, tadalafil cialis from india and detrimental coworkers. Other drugs that have been associated with evening sweats include things like Acetaminophen, birth control pills, Cortisone, Niacin, Nitroglycerin and cheap cialis overnight browse around over here. * Menopause can bring about nighttime sweats as being a basic symptom of the selection of the patients, monitoring them is an important part of ensuring that parenteral care is “coming together of patient-defined goals of care”. Some are actual rings as their identify company counterparts, and perform just as correctly, but cialis pill cost why not try this out price significantly a lesser amount of. Branch Manager 6900 Dallas Parkway #610 Plano, TX 75024 M: 214-435-8825 | F: 972-696-7810 NMLS# 375517 | Company NMLS # 3274 Equal Housing Lender