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Tag Archives: home ownership

Are Home Security Systems Worth the Money?

Are Home Security Systems Worth the Money?

Have you ever woken up in the middle of the night because you heard a strange noise? Did you wonder if someone was breaking into your home? If you are like many people, the fear of a break in has happened to you at least once. But for some unlucky people, this fear can and will become an unfortunate reality. According to figures from the FBI, there were over 1.7 million actual burglaries in the United States in 2014, and this figure is a decrease of over 10% from the year before. This information makes me wonder if installing a home security system would be a wise idea. Although there are fewer break-ins than in previous years, I do want to feel safe in my home. But are home security systems worth the money? Here are things I’ve been considering while thinking about whether or not to invest in a home security system. 1. Cost Initial home security system installation costs can run anywhere from a few hundred dollars to over $1,000 depending on what type of system you are considering. Although these up-front costs are usually just a one-time cost, you can also expect to pay monthly fees for ...

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Financial Benefits of Owning a Home

Financial Benefits of owning a home

The biggest issue in today’s market, even if you have a steady job and family, is whether buying or renting is the right move for your family. There are certainly benefits to both approaches, but unfortunately, not everyone is in the position to purchase their own home. That said, if you’re able to qualify for financing, there are numerous financial benefits of owning a home — some that you may not have considered. 1. Build home equity Unlike renting a home or apartment, you can build home equity when purchasing your own home. Equity is the difference between what you owe the mortgage company and your mortgage balance. Your mortgage balance decreases each month that you make a home loan payment to your lender. The longer you own the home and make payments, the less you’ll eventually owe the mortgage company; and as your house appreciates in value, you’ll gain equity. This is a major perk of owning a home. When you have equity, you can borrow against your home with home equity loans or home equity lines of credit. And if you refinance your house in the future, you can borrow cash against your equity. In addition, when you’re ready ...

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