The Federal Reserve Board’s Triennial Survey of Consumer Finances recently revealed the net worth of a homeowner was $231,400 compared to $5,200 for a renter.  The net worth of homeowners increased 15% from 2013 to 2016 while renters’ decreased by 5%. Appreciation and principal reduction are the two dynamics that affect a homeowner’s equity.  Each payment is […]
Where Are Interest Rates Headed in 2019? By The KCM Crew The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your […]
Homeowners Aged 65+ Have 48x More Net Worth Than Renters! By The KCM Crew Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – […]