Definition of «home owners»

The term "Home Owners" refers to individuals who have purchased their home and own it outright. This means that they do not pay rent or make mortgage payments to a landlord, but instead, they are responsible for making monthly mortgage payments to the bank in order to eventually own their property free and clear. Home ownership is considered an important part of the American Dream because it provides stability, security, and wealth-building opportunities over time.

Sentences with «home owners»

  • For home owners who do eventually decide to move on, they may want to hold onto their current home and rent it out to keep their low interest rate, some economists say. (realtormag.realtor.org)
  • How can an association claim to represent the needs of home owners in a community when its leadership does not? (nar.realtor)
  • Unfortunately, short sales are a reality for home owners who owe more than their property is worth. (realtormag.realtor.org)
  • (see all sentences)
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