Room to Roam: Habitat House Opens Doors

MulletMoney23 Blogger

Francis accepts the key their new home from Marijn Smit. Photographer John Schmidt.Francis accepts the key their new home from Marijn Smit. Photographer John Schmidt.Over the years, Transamerica employees nationwide have volunteered their time, energy, and spirit to help families build houses with Habitat for Humanity. Last year, for the first time ever, Transamerica sponsored a full house build in Denver from start to finish, making the home a little more affordable for the family of Francis and Schola.

 

More than 100 employees rolled up their sleeves to help build the dream.

 

 

To be clear, Habit for Humanity provides a leg up, not a handout. Francis and Schola (Habitat policy is to refer to the new owners only by their first names) are buying the home with a no-interest loan attached to an affordable, 30-year mortgage. The couple also devoted 200 hours in “sweat equity” on their home and the homes of other Habitat families.

 

The new home is a big improvement from their former living arrangement — a cramped two-bedroom apartment shared by six family members. When the family arrived to see the newly completed house for the first time, they were overwhelmed with emotion.

 

“We are so excited to have a big backyard for our kids to go play,” Francis said.

 

Projects like this remind us just how much wealth and health are correlated.

 

“There’s really three things that people need to live long and to live well,” said Marijn Smit, head of asset management at Transamerica.

 

The first, he said, is to be socially engaged, which a setting like this helps with. The second is to adopt healthy habits, so you need a healthy living environment. Lastly, it’s about building financial security. Home ownership plays a huge role there.

 

Francis and Schola, thank you for letting us be a part of your home build. We at Transamerica wish you the best in wealth and health.

 

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This material was prepared for general distribution.  It is being provided for informational purposes only and should not be viewed as an investment recommendation.  If you need advice regarding your particular investment needs, contact a financial professional.

Insurance products and services are offered or issued by Transamerica Life Insurance Company, Cedar Rapids, IA; Transamerica Financial Life Insurance Company, Harrison, NY (licensed in New York); Transamerica Advisors Life Insurance Company, Little Rock, AR; Transamerica Premier Life Insurance Company, Cedar Rapids, IA; and Transamerica Casualty Insurance Company, Columbus, OH. Variable products and mutual funds are underwritten and distributed by Transamerica Capital, Inc., or Transamerica Investors Securities Corporation, each a broker/dealer and member of FINRA. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. This site may not yet be approved by the Departments of Insurance in all states at the time of publication. Transamerica companies are part of the Aegon Group. Copyright 2011 - 2017 Transamerica Corporation, 4333 Edgewood Road NE, Cedar Rapids, IA 52499 - All Rights Reserved. Transamerica does not sponsor, endorse or promote any products or services mentioned

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