The road to homeownership may seem overwhelming, but when you take it step by step, you’ll soon reach your destination – your dream home!

• Your First Home
  Set up a designated down payment savings account.
• Pay down credit card and other debt.
• Look into first-time homebuyer programs.

Need More Space

• Make bigger (or additional) mortgage payments.
• Refinance and shorten your mortgage loan term.
• Reduce expenses to save money.

Time to Downsize (or Invest in Property)

• Talk to your financial professional about tapping into your home’s equity.
• Think about the type of home and community you want to live in.
• Start organizing now.

Essentials

• Good credit and low consumer debt.
• A professional agent in your corner.
• A positive attitude — don’t give up!

The Road Ahead
Homeownership provides stability, security, and the freedom to make the space your own. It also offers financial advantages — not only will you get tax benefits, but building equity in your home is like a ready-made savings plan.

• Home prices have increased by 971% since 1967
• Average homeowner equity is $299K
• Over 46% of mortgaged residences have equity of at least 50%
• Homeowners have 40x the net worth
• 39% of homeowners own their homes

With home prices rising, consider buying now and refinancing later. Discussing options with a financial professional is always a good idea.