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Embracing Tranquility: The Allure of Moving to the Suburbs

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Jun 30, 2023

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In recent years, there has been a notable trend of people seeking refuge from the hustle and bustle of city life by relocating to the suburbs. With their tranquil neighborhoods, green spaces, and strong sense of community, the suburbs offer a refreshing alternative for those craving a balanced and serene lifestyle. In this article, we will delve into the many reasons why moving to the suburbs can be an enticing choice, exploring the benefits, considerations, and tips for a smooth transition.

1. Peaceful and Spacious Living:

One of the primary appeals of the suburbs is the peaceful ambiance they provide. Away from the noise and congestion of urban areas, suburban neighborhoods offer ample space, allowing residents to enjoy a quieter and more tranquil existence. Lush parks, tree-lined streets, and backyard gardens provide opportunities for relaxation, recreation, and quality time with family and friends.

2. Strong Community and Sense of Belonging:

Suburban living fosters a strong sense of community, where neighbors often form lasting bonds and support networks. Community events, neighborhood associations, and local initiatives promote interaction and create a shared sense of belonging. This supportive environment can be particularly beneficial for families, providing a safe and nurturing atmosphere for children to grow up in.

3. Enhanced Quality of Life:

The suburbs are renowned for their excellent quality of life. With lower crime rates, cleaner air, and access to recreational amenities, residents can enjoy a healthier and more active lifestyle. Suburban areas often boast well-maintained parks, walking trails, and sports facilities, promoting outdoor activities and fostering a stronger connection to nature.

4. Better Education Opportunities:

For families with children, moving to the suburbs often means gaining access to renowned educational institutions. Suburban schools typically offer smaller class sizes, dedicated teachers, and a broader range of extracurricular activities. This focus on education can significantly contribute to a child's growth and future prospects.

5. Cost of Living and Housing:

While housing prices vary across different suburban areas, they generally tend to be more affordable compared to urban centers. Suburban living offers a broader range of housing options, including single-family homes, townhouses, and apartments, catering to diverse needs and budgets. Lower property taxes and utility costs can further contribute to a more financially stable lifestyle.

Considerations and Tips for Moving to the Suburbs:
  • Commute: Consider the distance and commuting options to your workplace, as suburban living may involve longer commute times. Evaluate public transportation availability and explore carpooling or flexible work arrangements to mitigate this aspect.

  • Amenities and Services: Assess the availability of essential amenities such as grocery stores, healthcare facilities, and entertainment options in the suburban area you're considering. Having convenient access to these services can greatly enhance your suburban experience.

  • Research the Neighborhood: Before making a move, thoroughly research potential suburban neighborhoods. Consider factors like school districts, proximity to shopping centers, safety records, and the overall vibe of the community to find the best fit for your lifestyle and preferences.

  • Embrace the Change: Moving to the suburbs entails a significant shift in lifestyle. Embrace the slower pace, community engagement, and increased connection with nature. Participate in local events, join clubs or organizations, and establish new social networks to fully immerse yourself in the suburban experience.

As cities continue to grow and urban life becomes increasingly fast-paced, the suburbs offer a retreat that resonates with many seeking a more balanced and peaceful existence. Moving to the suburbs can provide a higher quality of life, a stronger sense of community, and a welcoming environment for families. By carefully considering the benefits, preparing for the transition, and embracing the change, you can embark on a fulfilling journey to suburban living and savor the tranquility it offers.

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1. Qualified applicants may borrow up to 95% of their home’s value. This does not apply to investment properties.

2. HELOCs have a 10-year draw period. During the draw period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) the total of all accrued finance charges and other charges for the monthly billing cycle. During the draw period, the monthly minimum payments may not reduce the outstanding principal balance. During the repayment period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) 1/240th of the outstanding balance at the end of the draw period, plus all accrued finance charges and other fees, charges, and costs.The lender will calculate this amount by taking the outstanding Account Balance on the last day of the draw period and dividing it by 240 months and then adding any finance charge that accrues but remains unpaid during the monthly billing cycle plus any other fees, charges and costs to the fixed principal payment that is due. During the repayment period, the monthly minimum payments may not, to the extent permitted by law, fully repay the principal balance outstanding on the HELOC. At the end of the repayment period, the borrower must pay any remaining outstanding balance in one full payment.

3. The time it takes to get cash is measured from the time the Lending Partner receives all documents requested from the applicant and assumes the applicant’s stated income, property and title information provided in the loan application matches the requested documents and any supporting information. Most borrowers get their cash on average in 21 days. The time period calculation to get cash is based on the first 4 months of 2024 loan funding's, assumes the funds are wired, excludes weekends, and excludes the government-mandated disclosure waiting period. The amount of time it takes to get cash will vary depending on the applicant’s respective financial circumstances and the Lending Partner’s current volume of applications. Closing costs can vary from 3.0 - 5.0%. An appraisal may be required to be completed on the property in some instances.

4. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. This offer is subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend.

5. The content provided is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.