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| Forced Savings: |
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| Some people are just lousy at saving money, and a house is an
automatic savings account. You accumulate savings in two ways.
Every month, a portion of your payment goes toward the principal.
Admittedly, in the early years of the mortgage, this is not much.
Over time, however, it accelerates.
Second, your home appreciates. Average appreciation on a home
is approximately five percent, though it will vary from year
to year, and in some years may even depreciate.. Over time, history
has shown that owning a home is one of the very best financial
investments.
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All information deemed reliable
but
not guaranteed and should be independently verified. All properties are subject
to prior sale, change or withdrawal. Neither
listing broker(s) nor Thompson Realty Inc. shall be responsible for any
typographical errors, misinformation, misprints and shall be held totally harmless. |
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