Why Building Equity In Your Home Is Important
Автор: Alex Herrera
Загружено: 2024-07-24
Просмотров: 459
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Because owning your home allows you to build equity (defined as your home's value minus your outstanding mortgage), you gain financial flexibility in the future. Things like refinancing at lower interest rates, changing the mortgage terms, and borrowing more money against the equity.
This is one of the biggest advantages to owning a home compared to renting, and one of the reasons many people few their personal residence as an asset!
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Disclaimer:
This video contains solely my views and opinions for the purposes of education and entertainment. This is not financial advice. I am not operating in a fiduciary capacity, nor am I undermining the importance of seeking professional assistance should you feel it to be necessary.
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