Scott Your Broker

Many times before have I written about how homeownership is one of the greatest ways to begin building you and your family's wealth. And it appears the Federal Reserve agrees with me as new data released by them indicates the net worth of a homeowner is actually over 40 times greater than that of a renter . Maybe it's time to get serious on how to buy that home.     Every   three years the Survey of Consumer Finances shows the breakdown of how owning a homes helps to build financial security. In the graph below, we see that the average net worth of homeowners continues to grow, while the net worth of renters tends to hold fairly steady and be significantly lower than that of homeowners. The financial gap between these two groups keeps getting wider over time, making homeownership more and more desirable for those who are ready.  Owning A Home Is A Great Way To Build Your Wealth For many families, homeownership is a sort of 'forced savings'. Every time you pay your mort