Lisa Madigan Quotes

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

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.

I wish every colored man, every head of a family…to acquire a freehold, a little home that he can call his own.

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.

For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.

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

If you live in a good neighborhood, you drive home and there's a bank. There's grocery stores and big houses - but no motels. What that tells you psychologically is you protect your money and buy good things for your family to eat in your nice big house.

Home ownership really starts with a job.

I need to be able to save some money, so I can buy a house.

It's cheaper to buy a house and finance it than it is to rent in many markets.

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

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.

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

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.

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.

You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

The best thing I've done with my money is buy a house for my family. You wake up to a house you love and you feel like somebody.

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.

Home ownership is the cornerstone of a strong community.

People feel a great deal of their wealth or lack thereof in their home value. Despite the fact they're living there and not going to sell it per se, it does have a big psychological effect.

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