Preview

Financial Benefits Of Long-Term Homeownership

Satisfactory Essays
Open Document
Open Document
171 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Financial Benefits Of Long-Term Homeownership
This research paper has provided a wealth of information motivating me to be more proactive, especially concerning credit and savings for the upfront cash needed to purchase a home. I have a better understanding of the financial advantages of long-term homeownership, especially as it relates to tax dedications, but realize it will be necessary to hire a tax accountant to complete my yearly income taxes after purchasing a home. Searching and comprehending loans can be quite overwhelming since there are several advantages and disadvantages to the different types of loans available. As a future homebuyer a fixed rate loan will provide financial protection as interest rates can rise overtime. Realtors have all the updated listings, know the
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    GDP11 Unit10 Rep046 13 S
    • 303 Words
    • 2 Pages

    GDP11 Unit10 Rep046 13 S

    Buying a home is a process that many of us will go through in our lifetime. If we are like many other prospective buyers, we will experience this major decision three or four times in our working years. A home is often the largest purchase we will make, and it therefore deserves our careful attention.…

    • 303 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Bsa 310 Week 4, Individual Assignment - Mcbride Marketing Plan
    • 895 Words
    • 4 Pages

    Bsa 310 Week 4, Individual Assignment - Mcbride Marketing Plan

    Most consumers have access to the internet; as a result McBride Financial will conduct online surveys to reach a broad focus group. “Online research accounts for 8% of all spending on quantitative marketing research, and most industry insiders predict healthy growth” (Armstoring & Kotler, 2005). Cost associated with online research is minimal and will help McBride Financial meet budget demands. The use of online surveys will be implemented to gain a better perspective of consumer needs. Surveys will consist of 25 questions related to home purchasing and financial planning. Surveys will…

    • 895 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Com 155 Week 7 Assignment
    • 298 Words
    • 2 Pages

    Com 155 Week 7 Assignment

    It seems like to me that if you work hard on raising your credit score, and you don’t finance what you don’t have too, it would be more profitable to buy a home when others cannot afford to because of inflation. Unfortunately, those who are trapped in the rat-race of credit will suffer more consequences either way around. Those type of people get finance crazy when interest rates are low, and then cannot afford to keep up when they…

    • 298 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    Data Collection Paper Res341
    • 2176 Words
    • 9 Pages

    Data Collection Paper Res341

    Mok, D. (2001, October). Sharing the risk of home-ownership: a portfolio approach. Urban Studies, 39(7), 1095-1112.…

    • 2176 Words
    • 9 Pages
    Best Essays
    Read More
  • Best Essays

    Business Plan for Pm430
    • 3109 Words
    • 13 Pages

    Business Plan for Pm430

    Buying a house can be a challenging and expensive decision for most families. There are many things to consider in the process and could take years to finalize the project. Today, buying a house can be challenging because of the market and the economy falling every hour of the day. The purpose of…

    • 3109 Words
    • 13 Pages
    Best Essays
    Read More
  • Good Essays

    Xeco 212 Week 1
    • 469 Words
    • 2 Pages

    Xeco 212 Week 1

    Purchasing a home is likely the most monumental commitment one will be faced with. This deduction is based on the overall cost of purchasing a home, the average length of a mortgage, and preparation for home repairs. It is naïve to believe that portions of all the decision making principles would not at some point factor in with such a long term investment, any errors in the decision making process would create long term financial hardships.…

    • 469 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Predatory Lending in the Housing Industry
    • 3069 Words
    • 13 Pages

    Predatory Lending in the Housing Industry

    The real estate industry is thriving with approximately sixty-eight percent of all Americans being homeowners. With low interest rates, 1st time home buyer down payment assistance programs, and government funded educational opportunities (i.e. the Home Ownership Center of Greater Cincinnati), the real estate and mortgage lending industries will continue to flourish. However, there are some unethical lending practices that are threatening the housing industry as a whole.…

    • 3069 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Econ Final
    • 369 Words
    • 2 Pages

    Econ Final

    The housing mess is making it very difficult for new home owners to buy a house. Mortgages can be a very simple thing to work with if you have the money (like any other loan) but I feel like the mortgages should be extended now a day. Instead of having 30 years to pay off a mortgage, make it 50 so the payments are cheaper. Also offer incentives for owners who chose to pay more than the minimum payment due. Incentives could include offering lower interest rates if you pay more than the minimum for a certain amount of months.…

    • 369 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Final Project
    • 1941 Words
    • 8 Pages

    Final Project

    When the time comes in a person’s life to purchase a new home, they have accepted a decision that could be life changing. This decision can be difficult and is influenced by several different factors, such as the stability of the economy, the markets and types of goods that affect supply and demand, and the fiscal policies that could have an effect on the housing market. This decision has become even more difficult in recent times due to a less than favorable economy. Before a decision can be implemented, there must be some research and investigation done on the many factors that influence an investment as large as this.…

    • 1941 Words
    • 8 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Business
    • 405 Words
    • 2 Pages

    Business

    Despite the current struggles of our country and the fluctuation in the economy, people will always need to buy houses. Many Americans cannot afford to buy a house in one payment. Since 1929, Americans were provided with different options in order to make their decision of buying a home more comfortable and affordable. A 30-year mortgage rate on a home is vital to the development of new families. This allows families to start a healthy line of credit with minimal risk. Also for new homeowners, government grants can help cut the cost of housing. A 30-year fixed mortgage rate along with a government grant can help new homeowners afford their…

    • 405 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Home Ownership Research Paper
    • 1425 Words
    • 6 Pages

    Home Ownership Research Paper

    The Home Ownership Workshop was held on Saturday, February 6, 2016. It was held in the Logan City Library and was put on by the USU Family Life Center - Housing and Financial Counseling. There were several staff, interns, and community members that presented at this workshop. The following is an overview of what each speaker presented on, and may not be in chorological order of how they presented the information.…

    • 1425 Words
    • 6 Pages
    Good Essays
    Read More
  • Good Essays

    Great Choice Loan
    • 548 Words
    • 3 Pages

    Great Choice Loan

    If this world affords true happiness, it is to be found in a home where love and confidence increase with the years, where the necessities of life come without severe strain, where luxuries enter only after their cost has been carefully considered (Newton (n.d)). Most people only dream of owning their own home. The price of housing in Nashville is extremely expensive. First time homebuyers need to be aware of the different options available to them. Tennessee Housing Development Agency (THDA) provides different assistance for people looking to buy a home.…

    • 548 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Commwealth
    • 1372 Words
    • 6 Pages

    Commwealth

    The Australian home loans market is highly competitive. The big four banks, brokers and smaller lenders ferociously compete for valuable home buyers. Convincing these buyers to speak to the Commonwealth Bank (CBA) and begin the application process is vital to success. However, analysis of the bank's application process showed that 85% of pre-approved customers do not convert to a fully funded home loan within the six month approval period. This was occurring despite the fact that these customers had already gone to the trouble of providing their financial details and speaking with the bank to gain approval. We needed to understand why they weren't converting with us. Three main factors were in play. Competitive market Many potential customers took a loan elsewhere. At the time of the campaign, we were in the middle of 3 continuous months of interest rate increases, rising a total of 0.75%.…

    • 1372 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Tapping the Ethnic Housing Market
    • 811 Words
    • 4 Pages

    Tapping the Ethnic Housing Market

    The Biggest opportunities and challenges that lenders and real estate faced through the three ethnicities surveyed, African American, English Hispanic and Spanish Hispanic, is the feeling of ownership among these segments that is between the 79 and 82% (Table A) of the population surveyed (Hawkins & Mothersbaugh, 2010), the lack of knowledge when buying a home, and lack of confidence in the process.…

    • 811 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Atlanta Home Loan
    • 1755 Words
    • 9 Pages

    Atlanta Home Loan

    away. But the managers not only stole from Al, they stole his entire business! The case forces…

    • 1755 Words
    • 9 Pages
    Powerful Essays
    Read More

Related Topics