Oklahoma Mortgage Group - Mike David

 Did you know the typical homeowner’s net worth is roughly 40x greater than a renter’s? It’s a staggering statistic that highlights the profound financial benefits of homeownership. Owning a home is the #1 way to build wealth in the U.S., and it’s a key step toward financial security and independence. Here’s why: when you own a home, your net worth grows as you pay down your mortgage and as home values rise over time. This wealth-building power, often referred to as equity accumulation , is something renters miss out on. Renters pay monthly for housing but don’t get to reap the rewards of equity or appreciation, which are two major drivers of homeowner net worth. The numbers tell the story. According to data from The Federal Reserve, homeowners consistently build equity while renters’ financial growth remains limited. For example, while home values have risen significantly over the last decade, renters’ net worth has increased only marginally. This growing gap showcases how own...

With rising home prices and fluctuating mortgage rates, having access to the right resources can make all the difference. One resource you should know about is the growing number of Down Payment Assistance (DPA) programs available to homebuyers. According to Down Payment Resource, 29 new programs were added in Q3 alone, bringing the total to 2,444. That’s 192 more programs than last year—an 8% increase in opportunities to help buyers like you achieve homeownership. Why does this matter? Many DPA programs provide significant financial assistance. The average benefit is roughly $17,000, which can go a long way toward covering your down payment and other home-buying costs. Whether you’re a first-time or first-generation buyer, or even looking into affordable housing options like manufactured or multi-family homes, there’s likely a program that fits your needs. Let’s make homeownership a reality for you! Call or text me today at 918-361-1550 , or click here to book a quick phone chat to d...

The dream of homeownership is more than just an American staple—it's a stepping stone to financial stability and wealth-building. In Tulsa, where the market is ripe with opportunity, taking the leap can seem daunting. However, the Oklahoma Mortgage Group (OMG) is dedicated to transforming hesitation into action, especially for Tulsa first-time homebuyers. Tulsa's Housing Market: A Goldmine for Growth Real estate in Tulsa has been a spectacle of appreciation. Imagine purchasing a home in Oklahoma for $200,000, only to find its value surging over 51% in five years to $302,000! This isn't just a dream—it's the reality Tulsa homeowners have been living. Now, with Tulsa mortgage rates poised to decline, the question isn't if you should buy, but why haven't you already? Interest Rates and Your Future Sure, renting seems convenient, with no maintenance woes or property taxes. But it's a silent killer for your finances. With average rents climbing, a renter could sp...