Monday, December 2, 2019 / by Kevin Kauffman
What does it mean to have a financial statement for your home? Why should you have one?
Most people will admit that buying or selling a home is the single largest transaction that they’re likely to do in their life. However, the reality is that we don’t always treat it that way. We have bank statements, stock statements, retirement statements, credit card statements, and even a mortgage statement—but there’s no financial statement for our homes in general that allow us to view it as an asset.
On that front, we have good news: We’ve partnered with a great company that will offer you just such a financial statement on your home. This is more than a home valuation, which you can find on your own. Rather, it’s a tool that will help you determine:
1. If you could pay off your property earlier than you planned
2. How much you could save on interest if you paid extra toward your mortgage each month
3. How much you could lease your house for if you wanted to turn it into an investment property
4. How much cash you could pull out of it for repairs or other purposes
If you have any questions about this, feel free to reach out to us. We’d love to talk more about this amazing tool and get you set up with your own financial statement at no cost to you. We hope to hear from you soon!