“The benefits of homeownership are enormous. The home becomes part of your roots; it holds memories created with family and friends.” – Paul Gigliotti | COO & Executive Board Member | Axis Lending Academy
A home supports great self-pride and can stretch you to learn and create by updating, fixing, and enhancing your home, all while supporting financial wealth. Not only does it support and build financial wealth, but it also provides a great sense of accomplishment and stability. It’s your home to create what you want. Owning a home is more than the American Dream, it’s a road map to financial wealth with all this greatness.
There is a whole population of people in the nation that don’t know the steps needed to be taken to homeownership, nor do they understand they have the ability to own a home. Per FLEX, 47% of renters have the ability, income, and credit to own a home – 47% is a large percentage! So what is stopping these individuals from owning a home? Do they not have the desire to own a home, do they come from a family (parents, etc.) that weren’t homeowners, or is it the lack of knowledge and understanding? As professionals in the industry, there is an untapped market, so don’t be afraid to support underserved communities in understanding the value and importance of homeownership. Knowledge is Power. Let’s put the power in the hands of the consumer.
The above content was part of a financial literacy newsletter, FinTalk by Finlocker, featuring Mortgage Industry leaders and their insights. Our founder, Paul Gigliotti, was proud to be one of the featured voices.
