a great way to increase your family’s net worth

a great way to increase your family’s net worth

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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what you need to know about private mortgage insurance (PMI)

what you need to know about private mortgage insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

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your tax refund is the key to homeownership

your tax refund is the key to homeownership

Americans can expect an estimated average tax refund of $3,143 according to the IRS. This is down slightly from the average refund of $3,436 last year. Tax refunds can be considered extra money to use toward larger goals. For anyone looking to buy a home in 2019, this can be a great jump start toward a down payment!

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student loan debt is not a threat to home ownership

student loan debt is not a threat to home ownership

Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education (often accompanied with student loan debt) is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations.

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the net worth of a homeowner is 44x greater than a renter

the net worth of a homeowner is 44x greater than a renter

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. It revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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