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Benefits of Homeownership

Click below to download our homebuyers guide for tips, checklists, and resources for purchasing a home! Homebuyers guide

The benefits of homeownership reach far and wide. Not only are there financial benefits to owning a home but there are emotional, social, and societal benefits as well! Take a look at all homeownership has to offer. Also, keep in mind that we can help finance your dreams with some programs requiring as low as a 3% down** 1) Participation in the Community: Owning a home most of the time means you are living in a neighborhood and a community. You are more likely to get involved and participate in kind acts, or community events. This also provides benefits to have like-minded families or humans with similar interests living all around you! 2) Public Assistance: The report shows 47% of homeowners use their home equity credit lines to help pay other debts, diminishing their need for public assistance.

3) Property Maintenance and Improvement: A home that is well constructed can contribute to safety and health for the homeowners inside and in the neighborhood.

4) Pride of Ownership:  You have the ability to customize and decorate the home to your specific taste. It allows you to show off your handiwork, and style.

5) Furry Friends: Most apartment communities have breed restrictions and or height/weight restrictions. By owning your own home you can welcome ANY furry friend with open arms to live with you forever! You can also customize the home to benefit your four-legged friends, such as a large backyard or play space in the home!

Financial Benefits of Owning a Home:

1) Appreciation: On average, home prices are appreciating annually at a rate of 3.6%. This helps to create a safety net.


2) Forced Savings: Each monthly payment you are paying down the principal on your loan.


3) Home Equity: Homeownership means you are building equity. Later down the road, you can tap into that equity for a variety of reasons: pay down debt, college funds, remodeling, etc.


4) Net Worth: A homeowners’ net worth is 44x greater than renters! This gives you the financial freedom to invest.


5) Stability: Owning a home protects against inflation if you are on a fixed-rate mortgage. Renters’ face rent increases by up to 4% every year.


6) Tax Benefits: Homeowners can receive tax benefits for owning a home.

Owning a home might be easier than you think. Just check out these down payment myths that we busted here. You may be surprised at how little you need to qualify for a mortgage! Speaking with a licensed loan originator today can help you set the foundation you need to start your path to homeownership. Contact us today! Copyright©2019 Geneva Financial, LLC, NMLS #42056 This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements for refinances, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines. Approvals are subject to change without notice based on the applicant’s eligibility and market conditions. Geneva Financial LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Geneva Financial LLC is approved to participate in FHA programs but the products and services performed by Geneva Financial LLC are not coming directly from HUD or FHA. Geneva Financial LLC #42056 is an Equal Opportunity Lender and Equal Housing Lender. 3155 S. Price Rd Chandler, AZ 85248. AZ#0910215 Corporate: 3155 S. Price Road • Suite 105 • Chandler • AZ • 85248 The benefits of homeownership reach far and wide. Not only are there financial benefits to owning a home but there are emotional, social, and societal benefits as well! Take a look at all homeownership has to offer. Also, keep in mind that we can help finance your dreams with some programs requiring as low as a 3% down** 1) Participation in the Community: Owning a home most of the time means you are living in a neighborhood and a community. You are more likely to get involved and participate in kind acts, or community events. This also provides benefits to have like-minded families or humans with similar interests living all around you! 2) Public Assistance: The report shows 47% of homeowners use their home equity credit lines to help pay other debts, diminishing their need for public assistance. 3) Property Maintenance and Improvement: A home that is well constructed can contribute to safety and health for the homeowners inside and in the neighborhood. 4) Pride of Ownership:  You have the ability to customize and decorate the home to your specific taste. It allows you to show off your handiwork, and style. 5) Furry Friends: Most apartment communities have breed restrictions and or height/weight restrictions. By owning your own home you can welcome ANY furry friend with open arms to live with you forever! You can also customize the home to benefit your four-legged friends, such as a large backyard or play space in the home! Financial Benefits of Owning a Home:

  1. Appreciation: On average, home prices are appreciating annually at a rate of 3.6%. This helps to create a safety net.

  2. Forced Savings: Each monthly payment you are paying down the principal on your loan.

  3. Home Equity: Homeownership means you are building equity. Later down the road, you can tap into that equity for a variety of reasons: pay down debt, college funds, remodeling, etc.

  4. Net Worth: A homeowners’ net worth is 44x greater than renters! This gives you the financial freedom to invest.

  5. Stability: Owning a home protects against inflation if you are on a fixed-rate mortgage. Renters’ face rent increases by up to 4% every year.

  6. Tax Benefits: Homeowners can receive tax benefits for owning a home.

Owning a home might be easier than you think. Just check out these down payment myths that we busted here. You may be surprised at how little you need to qualify for a mortgage! Speaking with a licensed loan originator today can help you set the foundation you need to start your path to homeownership. Copyright©2019 Geneva Financial, LLC, NMLS #42056 This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements for refinances, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines. Approvals are subject to change without notice based on the applicant’s eligibility and market conditions. Geneva Financial LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Geneva Financial LLC is approved to participate in FHA programs but the products and services performed by Geneva Financial LLC are not coming directly from HUD or FHA. Geneva Financial LLC #42056 is an Equal Opportunity Lender and Equal Housing Lender. 3155 S. Price Rd Chandler, AZ 85248. AZ#0910215 Corporate: 3155 S. Price Road • Suite 105 • Chandler • AZ • 85248

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Geneva Financial, LLC

NMLS 42056  BK #0910215

3155 South Price Rd. Suite 105   Chandler,  AZ  85248

An Equal Housing Lender 

Mark Wilson

Branch Manager

NMLS:155820

Vicki Ahmadi

Loan Officer 

NMLS:1885256

(360) 907-1792

(360) 721-6002

©2019 by Mark Wilson-Geneva Financial, LLC.