(NAPSA)—Despite 41 percent of millennials opting for “vacation moves” —relocating somewhere without the intention of staying permanently— reports show that the nomadiclife might notbeall it’s cracked up to be. Mobility hasits perks, but the greatest social advantages are found in homeowner- ship, says a recent National Association of Realtors study. While the economic impacts of homeownership are well known, there are other benefits that are just as, if not more, valuable. For instance, home- Homeownership generates higher levels of happiness, especially among millennials. Likewise, neighborhoods with more Mortgage from Quicken Loansare revolutionizing the home-buying process and making it so simple that it can be managed on a cell phone—in as few as seven minutes, the companysays. “Rocket Mortgage takes a formerly capital, according to a Harvard University review. Compared to renters, simple and transparent. It keeps the mortgage process on pace with that of today’s busy generation, eliminating ownership is at the core of community building. The stability gained in an area through consistent ownership creates strong, cohesive relationships and social networks. family-owned homesthan rentals experience higher property values andsocial homeowners display increased civic engagement and feel a greater sense of responsibility to invest time, money and resources in community and environ- mental improvements. Collectively, these factors lead to better school systems, lower crime rates and stable neighborhood growth—a ripple effect that persists for generations. While renting undoubtedly allows for the ability to move and explore, homeownership enables the freedom to customize one’s hometotruly reflect personality and lifestyle. Unlike renting, a lack of restrictions allows space for self-expression and personalized functionality, two of the biggest contributors to personal growth andlife satisfaction, as recognized by psychologists around the world. ‘The desire to be upwardly mobile isn’t the only reason someare choosing to rent. Many consumersfind the idea of locating and financing a hometo be daunting. However,tools such as Rocket intimidating process and makes it fast, tedious paperwork,” says Bill Banfield, Quicken Loans EVP of Capital Markets. “By pulling personalfinancial informa- tion directly from the source, Rocket Mortgage provides a totally unique, customized mortgage solution. No guesswork, no misleadingratesor time- lines—just simple, personalized options paired with an unmatched process and world-class communication.” Tools such as Rocket Mortgage provide around-the-clock counsel and access to personalized options, helping potential homebuyersfeel confident andprepared. While there certainly is a time and place for renting, it’s worth learning about the many benefits of owning a homebefore makingthe decision to pay a landlord for another 12 months. Investing in homeownership early allows greater long-term flexibility with income, proving that homeownership doesn’t tie you down. Instead, it brings empowerment, freedom and sense of purpose.
