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It may be an annoying job interview question, but it’s a great way to think about the financial wealth you could accumulate by owning a home.
In 2015, home values increased by an average of 10% in the Austin market—meaning homebuyers saw an average 10% return on their investment in only one year.
At that rate, a home bought for $200,000 last year may sell for $220,000 today—a $20,000 profit.
You’d be hard-pressed to find that kind of return with more traditional market investments. But that’s not the only reason that buying a house is a smart money move.
Call UFCU at (512) 997-HOME (4663) for a free mortgage consultation, or apply online now if you’re ready to get the ball rolling.
You, a homeowner? It’s not as crazy as it sounds—and UFCU is here to help you make it happen!
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