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Tim Ulbrich and Tony Umholtz explore the costs, benefits, and personal meaning of homeownership and how to decide whether buying fits your life.
Episode Summary
Is buying a home still a good investment? In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim Ulbrich, PharmD welcomes back Tony Umholtz, Senior Vice President of Mortgage Banking at First Horizon, to explore the financial and personal value of homeownership. They discuss renting versus buying, the costs beyond your mortgage payment, and how waiting for lower interest rates can shape your decisions. From building equity to creating memories and finding community, this conversation will help you consider how a home fits into your finances and the life you want to build.
What you'll learn in this episode:
- How to weigh renting versus buying based on your timeline, location, and financial goals.
- Why waiting for a return to pandemic-era mortgage rates may keep your home buying plans on hold.
- How to account for property taxes, insurance, maintenance, and repairs beyond your mortgage payment.
- How equity, appreciation, and potential tax benefits factor into the financial side of homeownership.
- Why stability, community, and personal meaning deserve a place alongside the numbers.
Mentioned on the Show
- Tony Umholtz (First Horizon) Website
- Tony Umholtz (First Horizon) Email: tony.umholtz@firsthorizon.com
- YFP Gives
- YFP Wealth
Disclaimer
The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/
