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Rising Prices Help You Build Your Family’s Wealth

 

Rising Prices Help You Build Your Family’s Wealth | Bridge Builders

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchased and closed on a $250,000 home this January. If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Rising Prices Help You Build Your Family’s Wealth | Bridge Builders

Since the experts predict that home prices will increase by 5.0% in 2018, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by over $48,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

 

Homeownership and Your 2017 Tax Return

The deadline to file your 2017 tax returns is approaching on April 17th. If you have not filed your taxes yet, you can take this opportunity to talk to your tax professional about how homeownership may impact your tax return this year. Here are a few reasons why you may want to. Mortgage Interest may …

The post Homeownership and Your 2017 Tax Return appeared first on Benchmark.

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The Cost of Renting vs. Buying Today

 

The Cost of Renting vs. Buying Today [INFOGRAPHIC] | Bridge Builders

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

 

Thank You for Serving Our Country

“As an Air Force Veteran, I automatically assumed I’d get my loan through USAA; however Benchmark shopped around for the best possible loan structure, with the BEST possible rate. It is hard to find honest, ethical, and customer oriented business individuals in the sales world but the Benchmark team are outliers.”
-Bret R., U.S. Air Force Veteran

 

Pre-Qualification vs. Pre-Approval: What’s the difference?

Looking at homes without knowing how much you can afford can be a waste of time for you and your realtor. “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” unknown The same wise sentiment can apply to purchasing a home – why start house …

The post Pre-Qualification vs. Pre-Approval: What’s the difference? appeared first on Benchmark.

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We are a proud sponsor of Boot’n & Shoot’n

Our company is a proud sponsor of Boot’n & Shoot’n, an event dedicated to our military veterans. We fund brain treatment scholarships for our veteran brothers and sisters. Traumatic brain injuries have devastated so many returning back from combat. Last year Boot Shoot helped raise over $1,000,000 for Veteran charities. You can join the cause by texting to donate – 100% of donations go to the Brain Treatment Foundation. Learn more at www.bootshoot.com

 

4 Reasons to Sell This Spring

 

4 Reasons to Sell This Spring [INFOGRAPHIC] | Bridge Builders

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.