Many baby boomers today say it makes more sense to carry a mortgage even though many of their parents paid off their house before retiring. The game-changers: low interest rates and high stock-market returns. Older Americans may come out ahead by keeping 401(k)s and other holdings invested rather than cashing out to make a house payment. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we realize that improved health care and life expectancy also play a role. Many older home buyers have the means to pay all cash, but either on the advice of their financial adviser or their own decision, they choose to take out a loan. Check out below for what sold in Autumn Park in April 2015:
22616 Summer Lane, Novi: 4 bedrooms, 4.2 bathrooms, 5,681 total sq. feet, 3 car garage, Sold Price: $529,900
Overall, most retirees still prefer to own their home debt-free. For more information on Autumn Park, or similar Northville or Novi neighborhoods such as Woodlands of Northville, Beckenham and Ravines of Northville, contact The DiMora Team today at 248-505-7728 or email@example.com.