equity: Not Knowing Your Home's Equity Could Be Costing You Money
- 02/23/16 03:29 AM
The dream of home ownership is about more than just a stable place to live, exempt from the whims and decisions of landlords. For many, home ownership is a piece of the wealth building picture, essential to a future retirement or financial independence. The idea is pretty basic: You purchase a home and pay it down while hoping the value of the home increases over time. Generally speaking, this is what happens over a long enough period of time. As you go, you build what’s called “equity.” Equity is defined as “the market value of a homeowner's unencumbered interest in their … (1 comments)
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