Recent headlines about record mortgage debt in America may be misleading. While mortgage debt is at $14 trillion, homeowner equity has reached $34.1 trillion, indicating a strong market foundation. Two-thirds of homeowners have substantial equity or own their homes outright, contrasting with the 2008 crisis. Context reveals financial stability among homeowners today.
Tag Archives: personal-finance
Getting a Tax Refund? Here’s How It Can Help You Buy a Home
Using your tax refund wisely can significantly aid you in buying a home. With refunds averaging 11.1% higher this year, consider applying it towards your down payment, closing costs, or even lowering your mortgage rate. Consult professionals to develop a tailored plan to maximize your refund for homeownership.
Real Estate | Your@HomeTeam 