I just came across a wonderful story...
“My wife and I bought our home in 1967. We raised a
family and paid off our mortgage. It’s going to be the only real asset
we will pass on to our kids. But really, that house IS our family- all
the memories. Buying a house is the best thing a family can do.”
“We paid $29,000 for our home in 1969. It’s worth about $500,000
now. We should have sold it for $600,000 a few years back, but still, it
was a great investment.”
“We refinanced our home twice- once for improvements and once to
pay for our kids’ college education. It was the only way we could have
afforded college in 1985. I can’t imagine how people pay for it today.”
“When my husband passed here years ago, I took out a reverse
mortgage to help make ends meet. I was also able to give some money to
my granddaughter to use for a down payment on a new home for her family.
I like seeing the results of my giving, while I am here to enjoy it.”
It was great to hear those who have done it are glad they did. If you
are still debating a purchase (with these great prices and low rates),
maybe you need to sit and chat with some seniors- people whose
experience you can learn from.
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