Homeowners Gained $28K in Equity over the Past Year

If you own a home, your net worth has probably gone up a lot over the past year.

If you own a home, your net worth has probably gone up a lot over the past year.
Before you even start looking at homes, there’s something you should do first – and that’s get pre-approved for your mortgage.
Even though asking home prices rose 7.0% in the last year, outpacing rent increases of 3.2%, the gap between buying and renting has narrowed only slightly. One year ago, buying was 46% cheaper than renting. Today’s it’s 44% cheaper to buy versus rent. In fact, homeownership is cheaper than renting in all of America’s 100…
Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be.
Buying a home has powerful financial and non-financial benefits.
A study shows 70% of prospective buyers fear the long-term consequences of renting. And here’s why.
It’s not just you that has to qualify for a mortgage. Your home does too. Check out the video to learn more about why your new home faces a rigorous qualification just as you do.