Mortgage Tips Archives - Michael Inkman

June is National Homeownership Month, a time to celebrate the lasting impact that owning a home can have on individuals and families. One of the most powerful benefits of homeownership is the ability to build equity. As you make mortgage payments, you are gradually increasing your ownership stake in the property. This equity becomes a form of forced savings and can be used in the future for things like education, home improvements, or retirement. Unlike rent, which builds no future value, mortgage payments create wealth over time.

Appreciation Adds Long-Term Value
In addition to building equity, homes tend to increase in value over time. While housing markets may experience short-term fluctuations, real estate has historically appreciated over the long run. That increase in value can significantly boost your net worth. When it is time to sell or refinance, the appreciation can turn into real dollars that provide financial flexibility and long-term opportunity.

Leverage and Financial Growth
When you buy a home, you are leveraging a relatively small amount of money to purchase a much larger asset. For example, with a small down payment, you are able to control the full value of the property. As that property appreciates, your return is based on the full value of the home, not just your initial investment. This kind of financial leverage is a major reason why homeownership is such an effective wealth-building tool compared to renting.

A Legacy for the Next Generation
Homeownership is also a way to create financial security for future generations. Passing down a home to children or grandchildren can provide them with a strong start in life. Even if you choose to sell the home later, the equity gained can help fund education, support a family business, or assist with a loved one’s home purchase. That ability to pass on value is what turns homeownership into a legacy.

More Than Just Money
Beyond the financial benefits, owning a home brings stability and a deep sense of pride. It creates consistency in family life, helps children remain in the same schools, and fosters a sense of belonging in the community. These emotional benefits reinforce the lasting value of homeownership and make it more than just a financial milestone.

Celebrate with Purpose
National Homeownership Month is the perfect time to reflect on the bigger picture. Homeownership is not just about the keys in your hand today. It is about what those keys unlock for your family’s future. If you are considering buying a home, now is the time to learn more about your options and start planning for a future that benefits you and those who come after you.

Lee Vanvolkenburg

15:43 23 Nov 23

Michael and his team were wonderful to deal with. They were excellent with communication and always available to answer questions. Thank you all!

williams lovos

22:54 16 Nov 23

We close on the house tomorrow! Thank you David and Michael for making my first home buying a smooth process. I had several out of the ordinary situations that would had easily not been possible to get the loan in the time that they were able to approve it. My wife and I are forever grateful for the work the team did. Thank you again!

Mario Silvestri III

16:45 16 Nov 23

Rex Perkins

16:56 15 Nov 23

Everything had been going well over the past two years since refinancing an existing mortgage. The application process, approval, servicing website, everything had been very smooth, nothing but the best service. I then had a minor issue arise. We had a wind loss claim on our home and, unfortunately, I had put off getting the check cosigned until the last minute. An issue arose as part of a minor miscommunication in terms of where the check was to be forwarded for endorsement.

To make a long story short, I feared that this miscommunication and misdirected check coupled with my procrastination were going to result in the check expiring and a huge hassle on my part to go through the process again. Mr. Inkman nor his branch were in any way involved with my account or account management, yet, the check inadvertently ended up in their draft loss department and I feared this would further delay things. I was a bit frantic.

One of those that I emailed was Mr. Inkman. In an era when customer service is not as valued as in the past, I was very skeptical I would meet the deadline. But, to my surprise, Mr. Inkman took it on his own to personally get things done and get the issue resolved. It appears that he tracked down the overnighted check personally, directed it for signature, packaged and overnighted the check back to me. All the while remaining professional and pleasant and providing consistent email updates on the status. It doesn't even look like he delegated, rather taking the initiative and seeing it through on his own.

To me, that's not just doing a job, that's going above and beyond in terms of leadership, professionalism, and customer service. We could not be more happy. And, as a further sign of good will, the Fairway CEO actually emailed me personally to follow-up and assure resolution. Been very happy with Fairway since my refinance, Mr. Inkman's efforts only further reinforce that opinion.

Samer Fallouh

15:01 15 Nov 23

Debbie Salas

21:47 03 Oct 23

This transaction probably would not have happened without Michael. Whenever we hit a stumbling block, he found a way around it! He kept us informed and was a positive light all the way through to the end and beyond.
Thanks

Eric Kieffer

22:46 16 Aug 23

Did business with Michael about 20 years ago and he was happy to help us again. He and his team did a great job. See you in another 20.

How Homeownership Builds Generational Wealth – A Message for National Homeownership Month

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