Home Equity Quotes

A nation of homeowners is unconquerable.

Until Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.

A vacation home is a wonderful 'extra' as you start building wealth. Remember, though, it's still basically a very large, very expensive toy.

If you rent, that's it. You don't have to pay any interest to anybody. You don't have to pay any maintenance costs to anybody. You don't have to worry about whether the boiler is going to break down. While if you own your own home, you have a hundred aggravations.

Housing wealth - the net equity held by households, consisting of the value of their homes minus their mortgage debt - is the most important source of wealth for all but those at the very top.

The best time to buy a home is always five years ago.

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

I have been mislabeled as a big advocate of low-income home ownership over rental.

Part of the American dream is to own your own property - something no one can take from you.

The Federal Government is achieving its stated goal of helping more minorities go from being renters to being owners.

While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home.

Particularly important in buoying spending are the very low levels of mortgage interest rates, which encourage households to purchase homes, refinance debt and lower debt service burdens, and extract equity from homes to finance expenditures. Fixed mortgage rates remain at historically low levels and thus should continue to fuel reasonably strong housing demand and, through equity extraction, to support consumer spending as well.

Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.

My dad did everything he could. It was a start-up, and the banks didn't want to lend him enough money, so he mortgaged our house.

I bought my first house at 19-years old.

Escrow accounts are an important tool for homeowners to the reduce the risk of mortgage default on high-priced loans. Millions of Americans, including my wife and I, utilize these accounts to make monthly payments towards the annual financial obligations that come with homeownership like taxes and insurance.

I never buy a house thinking that I'm going to sell it.

Your house is your first small business. It's where your investment is and [where] our greatest asset is.

Once the housing market begins to recover, I would phase out the mortgage tax deduction.

The first thing I did when my career started moving was to buy a small house.

I buck the trend: I eat avocados on a Sunday morning and I'm a homeowner.

The American dream is still to own your home.

Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.

People feel a great deal of their wealth or lack thereof in their home value. Despite the fact they're living there and not going to sell it per se, it does have a big psychological effect.

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.