Ty Watkins Loan Officer with Granite Home Loans a division of AP Mortgage.

Ty Watkins Loan Officer with Granite Home Loans a division of AP Mortgage. Mortgage Loan Officer NMLS #2216128 Specializing in Home Mortgages for Purchase. Licensed in Wash.

I can't think of anything better to celebrate than becoming a homeowner. So let's get your journey towards homeownership...
03/28/2022

I can't think of anything better to celebrate than becoming a homeowner. So let's get your journey towards homeownership started.

HAVE YOU BEEN RENTING FOR THE PAST 5 YEARS OR MORE??Lets talk about the benefit of building EQUITY in home ownership. Yo...
03/23/2022

HAVE YOU BEEN RENTING FOR THE PAST 5 YEARS OR MORE??

Lets talk about the benefit of building EQUITY in home ownership.

Your home equity is the portion of your home that belongs to you, calculated by subtracting your mortgage balance from the home’s market value.

How do you build equity?

Make your monthly mortgage payments.
Track your home’s appreciation over time.

You receive that home equity as cash when you sell your home. Renters, on the other hand, won’t recoup any housing costs they spent while living in their homes.

Take a look at one example of how you might come out ahead with buying rather than renting:

Buying a house: You put down 20% on a $200,000 home with a 3% interest rate and a monthly principal and interest payment of $872. Five years later, you sell the home for $220,000. After paying off the mortgage balance, you get to keep $77,713. That dollar figure comes from your down payment ($40,000), the principal payments you made ($17,713) and the value appreciation ($20,000).

Renting an apartment: You’re not sure about your career plans, so you rent a great apartment at $870 a month instead of buying the house. At the end of five years, you’ve spent $52,200 on rent payments — and you receive none of it back when you move out.

Message me or click the image below if you have any questions about getting started on home ownership!!

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Vancouver, WA
98683

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