One of the primary advantages of investing in the purchase of a home is to grow your personal wealth through home value appreciation -- in other words increasing the equity in your home. Equity is the difference between the fair market value of your property and the amount you owe your lender. Building equity is a great way to build passive wealth long term. Unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that contributes to growth … (12 comments)
;)
;)
;)
