Home Ownership Accelerator Calculations
Prior to purchasing any sort of home ownership accelerator, one should carefully examine their own ability with a calculator and decide whether the numbers work. The average American moves every seven years. As such one should always calculate with a long term savings as the primary goal. This is similar to the points situation. Often, if you’ve paid points to lock in a good rate, it can be beneficial to keep ones house and rent it out rather than selling when you move.
Use of a third party financial consultant can in the end pay off if you find yourself unable to reasonably budget or calculate for your own financial future.
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