June is National Homeownership Month—a time to recognize the vital role that owning a home plays in the American Dream. Homeownership offers financial security, personal freedom, and a space to create cherished memories. Whether you're a first-time buyer or a seasoned homeowner, this month is the perfect opportunity to reflect on the benefits of owning a home and explore ways to make homeownership more attainable.
Owning a home isn't just about having a place to live—it's an investment in your future. Here’s why homeownership is a cornerstone of financial well-being:
When you buy a home, you begin to build equity, which is the difference between your home's value and what you owe on your mortgage. Over time, as property values increase and you pay down your loan, your equity grows, creating wealth that can benefit you and future generations.
Renting often comes with uncertainty—rising prices, lease changes, and the risk of having to move unexpectedly. Homeownership provides stability, allowing you to put down roots in a community and create a sense of belonging.
Your home is yours to shape as you see fit. From remodeling the kitchen to designing the perfect backyard oasis, homeownership allows you to customize your living space in ways that renting simply can’t offer.
Homeowners may benefit from tax deductions, including mortgage interest and property taxes. These financial incentives make owning a home an attractive long-term investment.
Buying a home is a big decision, but with the right preparation, it can be a smooth process. Here’s how to get started:
Before you start house-hunting, take a close look at your financial situation. Check your credit score, evaluate your savings for a down payment, and determine how much home you can afford.
A mortgage pre-approval helps you understand your budget and shows sellers that you're a serious buyer. Partnering with a trusted mortgage professional can help you find the best loan options for your needs.
A knowledgeable real estate agent can guide you through the home-buying process, helping you find the perfect property and negotiate favorable terms.
Consider factors like location, home size, and future resale value. Think about what features are essential and what you’re willing to compromise on.
Once you’ve found the right home, work with your mortgage lender to finalize the financing. After inspections and paperwork, you’ll be ready to get the keys to your dream home!
Not everyone has an easy path to owning a home, but there are programs designed to help. First-time homebuyer grants, down payment assistance programs, and low-interest loans can make purchasing a home more achievable. Reach out to a local mortgage professional to learn about available resources.
National Homeownership Month is about more than just owning a house—it’s about celebrating the security, freedom, and financial opportunities that homeownership provides. Whether you’re taking your first steps toward buying a home or looking for ways to maximize your investment, June is the perfect time to embrace the dream of homeownership.
Laura H. & Christopher M.
We were initially denied by a lender and when our possibilities were limited, Mr. Krauss helped us achieve our dream of getting a model home. My husband is a Veteran and he informed us of discounts and grants that we were not aware of.
Nicholas M.
I was well informed every step of the way never left me guessing all ways their when I had a question all ways very professional and respectful I had a pleasant experience.
Bonnie M.
Consistent communication and being able to trust the process. Richard closed my purchase after it was denied by another lender due to my low credit.
Natalie D.H.
Richard's quick response to any issue or questions I may have had. And his expertise in getting it all handled quickly. I am Self Employed, he was able to close the loan before the due date.
Lorine C.J.
Richard has successfully completed several refi’s for us which is why we brought our latest refi need to him. Our communication was excellent and our current refi went smoothly.
Nadine W.
Richard was able to close my VA Purchase ahead of time with a low credit score of 520. His expertise overcame every hurdle within the process.
Bryan P.
Richard took the time to help a homeless disabled Veteran into a new home. No one would help except for him. He explained how to qualify and executed my purchase ahead of schedule with the builder!
Roberto R.
I was in an active Chapter 13 Bankruptcy, Richard was able to contact the court for approval and assist with my new purchase. He then provided me with the SAH Grant information for disabled Veterans and helped with my disabilities in the new home.
Greg S.
Richard is my old high school friend. We both served in the military, and he was able to explain how I can purchase with a lower credit score. My family has a beautiful home and we are able to start our next chapter!
David S.
Richard executed a Cash Out refi to purchase an investment property. The loan was approved withing 5 Days. Extremely quick turn around and awesome communication. He always answered my questions.
