8 Principles of Home Ownership
Our Keys4Life educational program details the 8 Principles of Home Ownership:
Credit
Down Payment
Savings
Budget
Debt to Income
Make a Plan
Build a Team
Follow Up
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According to the Federal Reserve Survey of Consumer Finances, the net worth of a homeowner is over 44 times greater than that of a renter.
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The graduation rate for children of homeowners is 19 percent higher than for renters, and they are twice as likely to acquire some postsecondary education, according to a study in a journal published by the Federal Reserve Bank of New York.