Real Estate Financing and Investing/Conclusion (Cost)

In this chapter, various issues surrounding homeownership have been addressed. Questions that may come up at various stages of homeownership involving purchase, refinancing, maintaining, and sale of your home were covered.

The purchase of a home is your largest single investment. Homeownership is an "American Dream." But are you really prepared to buy a home? Purchasing a home is a serious matter. But even after purchase, many considerations have to be taken into account. When your house goes up in value (i.e., your equity is building up) or a mortgage rate goes down, you might want to consider refinancing. Does it pay? You might want to sell your house and move to better quarters. Ways to get the most for your house were discussed.