{"id":8339,"date":"2018-01-29T09:05:51","date_gmt":"2018-01-29T17:05:51","guid":{"rendered":"http:\/\/canary.kcprod.info/blog\/?p=8339"},"modified":"2022-01-11T17:12:27","modified_gmt":"2022-01-12T01:12:27","slug":"path-homeownership","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/","title":{"rendered":"Your Path to Homeownership"},"content":{"rendered":"

If you\u2019ve never owned a home, you\u2019ve probably spent some time thinking about what you\u2019d love to have someday. And if you already own a house, a growing family might mean it\u2019s time to consider something bigger. So you start by casually stopping by some open houses or perusing some real estate sites online to get a sense of what\u2019s out there and how much your dream home will cost. Maybe you\u2019ve even done some quick calculations, but you\u2019re still left unsure what you can truly afford. Or perhaps the time and effort needed to make the calculation was enough to keep you from pursuing it further.<\/p>\n

No doubt planning for a future home purchase comes with a lot of unknowns, and for many it\u2019s difficult to know where to even begin. Fortunately, we have an easy solution. Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.<\/p>\n

Path\u2019s home planning feature is a first-of-its-kind experience, allowing you to not only understand what you can afford today, but also what it takes to be in the best position to purchase the home that fits your needs in the future. Further, Path helps you understand the impact of owning a home on your future goals, such as retiring early to take up a passion project or paying for your child\u2019s college tuition. And just like with our Path retirement and college planning features, we\u2019ve done all the hard work for you so you can actually enjoy the process of planning for a home.<\/p>\n

The One<\/em> Number You Need<\/strong><\/h3>\n

If you\u2019re ready to buy a home today, you\u2019ve likely done a lot of the legwork to give you the confidence to move forward. But if you\u2019re a few years away or just beginning to think about it, you might be stuck simply trying to understand what you can actually afford.<\/p>\n

Unlike basic affordability calculators, Path takes the guesswork out of the process and gives you a more complete picture of what\u2019s possible. But what makes Path really unique is that it focuses on total affordability<\/em><\/strong>, delivering you a single, uncomplicated number that is built off your personal financial information that also considers your other big financial goals.<\/p>\n

\"\"<\/p>\n

Path determines your chances of qualifying for a mortgage by narrowing in on the biggest factors that influence your chances: how much you’ll be able to put down and your projected debt-to-income ratio. Path then uniquely integrates third party data to construct forecasts of future home prices and mortgage rates specific to your financial situation and timeline, considering things like your credit score, your down payment preference, and your other debt payments.<\/p>\n

Path\u2019s home affordability estimate accounts for expenses beyond the mortgage, such as closing costs, property taxes, maintenance, and insurance, giving you a complete view into the costs of homeownership. If you\u2019re currently renting, Path takes into consideration what you currently pay in rent and how owning can impact you financially. If you\u2019re an owner upgrading your existing home, Path will show the impact of the new home on your cash flow.<\/p>\n

Happy Hunting<\/strong><\/h3>\n

You probably have a few neighborhoods in mind. Path uses third party data so you can virtually house hunt in different zip codes and understand the cost of different types of homes in different areas. Once you\u2019ve selected a specific location and type of home, Path tells you whether you\u2019re on track to afford it. If you come up a little short, you can toggle a few levers and see how changing your timing, neighborhood, or size can impact your ability to purchase a home.<\/p>\n

<\/p>\n

Once you\u2019ve landed on what you want, Path advises you on exactly what accounts you should use and how much you should save per month in order to put yourself in the best possible position to afford that home. Path also helps you track a specific neighborhood for real-time market fluctuations as you save towards your goal. In other words, Path makes it easier to make your dream a reality.<\/p>\n

The Bigger Picture<\/strong><\/h3>\n

Owning a home isn\u2019t your only priority. You\u2019re also likely thinking about when you might want to say goodbye to full-time work, or how much your child\u2019s college education will cost. That means you might hesitate to move forward with a home purchase since it\u2019s difficult to know its impact on your other important plans. Path takes all of this into consideration, delivering an affordability number that tells you how your retirement lifestyle will be affected. In other words, Path helps you pick the right home for you so you\u2019re not \u201chouse poor.\u201d<\/p>\n

<\/p>\n

When it comes to your retirement plans, buying a home shouldn\u2019t be considered a blocker. Path helps you understand the value of your home equity in retirement. According to our analysis of the 2016 Survey of Consumer Finances<\/a>, home value accounts for about 64% of the total assets of the average homeowner in the U.S. between ages 30 and 45. So the decision whether to downsize, sell-then-rent or pass on the home<\/a> to your kids can have a big impact on your future spending ability. No other automated solution offers these kinds of insights.<\/p>\n

Bringing it Home<\/strong><\/h3>\n

The addition of home planning in Path is another important step in our journey to fully optimize and automate all your personal finances. While Path removes the guesswork, we know our clients might want to learn more. To that end we\u2019ve also developed a Home Planning Guide<\/a>, with data from Redfin<\/a>, aimed at helping answer the most pertinent questions you might have no matter where you are in your path towards homeownership.<\/p>\n

With both Path and the planning guide our team of PhDs have done all the heavy lifting so you don\u2019t have to. Our goal is to make financial planning accessible so everyone can secure their ambitions, and we\u2019re excited to kickoff the new year with what we believe is the easiest and most comprehensive way to plan for your dream home.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve never owned a home, you\u2019ve probably spent some time thinking about what you\u2019d love to have someday. And if you already own a house, a growing family might mean it\u2019s time to consider something bigger. So you start by casually stopping by some open houses or perusing some real estate sites online to […]<\/p>\n","protected":false},"author":7,"featured_media":8358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1278,1360,1279],"tags":[1540,2289,2290,2089,2291,2292,1752,2192,1696,2293,2294,1366,2295],"coauthors":[1036],"class_list":["post-8339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planning","category-product-news","category-real-estate","tag-college-planning","tag-dream-home","tag-home-affordability","tag-home-ownership","tag-home-planning","tag-home-planning-guide","tag-mortgage","tag-path","tag-real-estate","tag-redfin","tag-renting-vs-buying","tag-retirement-2","tag-total-affordability"],"acf":[],"yoast_head":"\nYour Path to Homeownership | Wealthfront<\/title>\n<meta name=\"description\" content=\"Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your Path to Homeownership | Wealthfront\" \/>\n<meta property=\"og:description\" content=\"Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/\" \/>\n<meta property=\"og:site_name\" content=\"Wealthfront Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-29T17:05:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T01:12:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dan Carroll\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Wealthfront\" \/>\n<meta name=\"twitter:site\" content=\"@Wealthfront\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dan Carroll\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/\",\"url\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/\",\"name\":\"Your Path to Homeownership | Wealthfront\",\"isPartOf\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png\",\"datePublished\":\"2018-01-29T17:05:51+00:00\",\"dateModified\":\"2022-01-12T01:12:27+00:00\",\"author\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/00502e4f70889c8dd8dcdaf8ce486311\"},\"description\":\"Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.\",\"breadcrumb\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#primaryimage\",\"url\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png\",\"contentUrl\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png\",\"width\":1000,\"height\":424},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/canary.kcprod.info/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Your Path to Homeownership\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/#website\",\"url\":\"https:\/\/canary.kcprod.info/blog\/\",\"name\":\"Wealthfront Blog\",\"description\":\"Personal Finance & Investing Insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/canary.kcprod.info/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/00502e4f70889c8dd8dcdaf8ce486311\",\"name\":\"Dan Carroll\",\"description\":\"Dan Carroll is Wealthfront's founder and Chief Strategy Officer. Dan founded Wealthfront to bring client-centric, transparent and low cost financial advice to the retail investor.\",\"url\":\"https:\/\/canary.kcprod.info/blog\/author\/dan\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Your Path to Homeownership | Wealthfront","description":"Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/","og_locale":"en_US","og_type":"article","og_title":"Your Path to Homeownership | Wealthfront","og_description":"Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.","og_url":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/","og_site_name":"Wealthfront Blog","article_published_time":"2018-01-29T17:05:51+00:00","article_modified_time":"2022-01-12T01:12:27+00:00","og_image":[{"width":1000,"height":424,"url":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png","type":"image\/png"}],"author":"Dan Carroll","twitter_card":"summary_large_image","twitter_creator":"@Wealthfront","twitter_site":"@Wealthfront","twitter_misc":{"Written by":"Dan Carroll","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/","url":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/","name":"Your Path to Homeownership | Wealthfront","isPartOf":{"@id":"https:\/\/canary.kcprod.info/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#primaryimage"},"image":{"@id":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#primaryimage"},"thumbnailUrl":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png","datePublished":"2018-01-29T17:05:51+00:00","dateModified":"2022-01-12T01:12:27+00:00","author":{"@id":"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/00502e4f70889c8dd8dcdaf8ce486311"},"description":"Today we\u2019re excited to announce home planning for Path, our automated financial planning solution.","breadcrumb":{"@id":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/canary.kcprod.info/blog\/path-homeownership\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#primaryimage","url":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png","contentUrl":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2018\/01\/gradient.png","width":1000,"height":424},{"@type":"BreadcrumbList","@id":"https:\/\/canary.kcprod.info/blog\/path-homeownership\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/canary.kcprod.info/blog\/"},{"@type":"ListItem","position":2,"name":"Your Path to Homeownership"}]},{"@type":"WebSite","@id":"https:\/\/canary.kcprod.info/blog\/#website","url":"https:\/\/canary.kcprod.info/blog\/","name":"Wealthfront Blog","description":"Personal Finance & Investing Insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/canary.kcprod.info/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/00502e4f70889c8dd8dcdaf8ce486311","name":"Dan Carroll","description":"Dan Carroll is Wealthfront's founder and Chief Strategy Officer. Dan founded Wealthfront to bring client-centric, transparent and low cost financial advice to the retail investor.","url":"https:\/\/canary.kcprod.info/blog\/author\/dan\/"}]}},"_links":{"self":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts\/8339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/comments?post=8339"}],"version-history":[{"count":1,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts\/8339\/revisions"}],"predecessor-version":[{"id":15095,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts\/8339\/revisions\/15095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/media\/8358"}],"wp:attachment":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/media?parent=8339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/categories?post=8339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/tags?post=8339"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/coauthors?post=8339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}