Ep177 “Why Include Buying a Home as a Part of Your Financial Portfolio?”
MP3•Pagina episodului
Manage episode 408215912 series 3564174
Content provided by wilcox123. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wilcox123 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
To wrap up our discussion for this month on financial planning, today we take some time to discuss why owning your own home is a very crucial aspect of your financial plan and why renting should never be the long-term game plan when it comes to your financial portfolio! TALKING POINTS (3-5):
…
continue reading
- Introduction
- Include that next week is our traditional Halloween episode, which is why this week is the last week we will be talking on financial planning!
- Why do you need to have your own home as a part of your financial portfolio?
- Building equity in a home
- Options available to you if you need cash throughout your life:
- Cash out re-fi
- HELOC
- Home equity loan
- When you sell your home, you get to keep the net proceeds
- If you own your home free and clear, that is a great deal of money coming back to you at closing!
- Options available to you if you need cash throughout your life:
- Appreciation
- Tax deductions and capital gains exclusions
- Adds to your net worth!
- Your mortgage payment will be more set than a rental payment
- Building equity in a home
- Final thoughts
100 episoade