Monday, August 30, 2021 / by Ken Couture
Being financially secure is an important goal for many people these days, but some people don't realize how owning a home can help them make this dream come true. A recent report, The Journey Toward Financial Freedom, asked Americans for their views on financial well-being and their goals. This suggests there may be a major misconception about the role of homeownership in wealth building:
“Homeownership is one of the indicators Americans say is least connected to financial health.”
The two primary goals of personal wealth - homeownership and equity - work in tandem. Here are some reasons why, if you are looking for financial security, homeownership should be a top priority.
Homeownership Is an Important Cornerstone of Building Wealth
If you're ready to start building your equity, today's real estate market offers a number of opportunities that you should consider. For example, with today's low mortgage rates, your purchasing power may be greater today than it was in the past. This means that there is no better time than now to start working towards your homeownership goal - especially as rates are expected to rise over the next few months.
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