Jean Chatzky Quotes

Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.

While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home.

A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.

Many a man who pays rent all his life owns his own home; and many a family has successfully saved for a home only to find itself at last with nothing but a house.

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.

If you can't afford the upkeep of your home, it makes no sense to do a reverse mortgage. You will just end up having to sell eventually when you realize you can't afford the home, and whether you have any equity left after the sale depends on the size of the reverse loan that must be settled.

If you're going to live in the house make it your goal to just pay off your mortgage.

Owning a home is a keystone of wealth - both financial affluence and emotional security.

For my constituents, owning a home is the culmination of many years of hard work and the realization of the American Dream. At no time should a local entity take those years of hard work solely to increase their tax revenue.

Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.

More Americans own their home than ever before. Nearly 70 percent of American's are homeowners. So it is a good time for us to asses the positive impacts of homeownership on families, communities and on the nation's economy.

It's not just that families can't buy a home or start a business without some savings tucked away.

The American dream is still to own your home.

I grew up thinking that renting is perfectly normal. And then, strangely enough, I never did buy a house. I live in New York City, and I'm still renting. My own personal narrative shows that it is possible to live a respectable life without ever having owned a home.

When I began to make some money, I really wanted to have a home.

Your mortgage shouldn't have been treated as a wager - it should be a way to provide a home and financial stability for you and your family.

I still think buying a home is the best investment any individual can make.

I'm really sensible with my money. So I would like to own my own house rather than rent.

We can help families buy their homes and invest in their educations.

I remember when my mother, Shyamala Harris, bought our first home. I was thirteen. She was so proud, and my sister and I were so excited. Millions of Americans know that feeling of walking through the front door of their own home for the first time - the feeling of reaching for opportunity and finding it.

I have been mislabeled as a big advocate of low-income home ownership over rental.

The best time to buy a home is always five years ago.

I just want to be able to keep my house and pay for my son's school tuition in Los Angeles.

I learned early on what debt means, how vulnerable it makes people, what the security of owning a home means.