Home Real Estate Office Free Real Estate Office Business Plan 4.28 Market Value of Owned Home by Mortgage Status Nationally Analysis
In order to analyze the market value of owned homes by housing tenure we have broken the national population into the following categories:
This analysis shows clearly that home owners without a mortgage have seen the greater percentage increase in the total market value of owned home as compared to homeowners with a mortgage. Between 2003 and 2010, we see that the market value of the owned home for a homeowner without a mortgage rose almost 34% compared to 28% for a homeowner with a mortgage. However what is important to note is that back in 2003 the market value of the average home owned by a homeowner with a mortgage was $198k and the value of one owned by a homeowner without a mortgage was $154k and seven years later the market value of a homeowner with a mortgage was $254k and the value of a home owned by a homeowner without a mortgage was $206k.
Jose and Diana believe that since homeowners with a mortgage are able to borrow more money they can obviously afford to buy larger homes compared to folks who look to buy homes without a mortgage. Further, as folks age, they tend to pay off their homes and many times even downsize from larger homes to smaller ones and thus while they may no longer have a mortgage, the market value of their homes also tend to be lower. It is also important to remember that if the size of a typical home owners mortgage is large, they can land in trouble since many times in a bad real estate market, their mortgage may be upside down and they may actually wind up owning more on their home than the home is worth. This makes for very difficult home sales and a good realtor will do everything to understand the nature of the existing mortgage structure on a prospective home before they decide to take it on.
Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.
Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.
The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!
The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.
Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.
If you are looking to start a business - look no further. Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.