Mortgage News

Home ownership is a ‘life changer’ for family who helped build their own house

Owner-occupancy or home-ownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. This home can be house, apartment, condominium, or a housing cooperative.In addition to providing housing, owner-occupancy also functions as a real estate investment

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Check proximity to work, schools and other regular destinations. It’s not as easy to relocate once you’ve purchased a house, so make sure it’s the right place for you. Home ownership can be a practical and rewarding decision for both singles who rent and those with a family, as long as you are prepared for the associated responsibilities.

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"Home ownership creates generational change. of their own labor to ensure their homes are done right," said Kurt Warner. "I couldn’t be prouder of this single mother and our partners who made this.

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The only real argument for home ownership. As long as your property doesn’t depreciate, you will build equity in your home over time. With each mortgage payment, you’re "saving" a few hundred dollars or more in your home equity that, someday, you could liquidate in a sale or refinancing event.

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