are fixed; others are variable, depending on the type and terms of the mortgage loan.
DO YOU NEED YOUR HOME AS A RETIREMENT PLAN INVESTMENT?
A 2015 Gallup poll reported that, for the second year in a row, Americans named real estate as the best long-term investment, more than savings accounts, stocks, and bonds. Homeownership allows you to build equity that you can liquidate in retirement for downsizing. It’s important to pay close attention to the housing market: prices can rise and fall, and the value of your home can change. Homeownership has many advantages over renting, but it can cause stress, and you need to be emotionally prepared to handle it. Stress that’s related to owning a home can include a change in financial state, a change in living conditions, and a change in residence. Other elements of stress related to homeownership include life changes, such as switching careers, getting married, and having children. If your life is constantly changing and in flux, and you’re experiencing a lot of stress, it might be wise to postpone owning a home until things are more stable for you and your situation. ARE YOU EMOTIONALLY PREPARED?
ARE YOU READY FOR COMMITMENT?
Yes, owning a home is a major commitment, and you must
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