Sentences with phrase «home lost some value over time»

Has your home lost some value over time?

Not exact matches

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

Cars will also lose value over time, unlike most homes, so high interest rates and monthly payments on an older car can also leave a consumer paying more in debt than their car is worth — known as being «upside - down.»

While the land underneath your home should appreciate over time (as the saying goes, «they aren't making any more of it»), the dwelling itself will tend to lose value unless you're diligent about regular maintenance.

A 3 year old riding mower used to cut an average home lot loses a majority of it's resale value over that period of time, and the resulting claim would only be for a fraction of what it will cost you to replace the mower with a similar one.

Buying a home is an investment in the future, an investment that may lose value over time.