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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 804 |
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Equity is the portion of the property that you actually own through your payments, versus the portion that you still owe the mortgage lender. The longer you stay in your home and the more mortgage payment you make, the more equity you'll have. This may assist you in using your equity in purchasing another property or another useful investment...
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Over time housing prices gradually increase although this may fluctuate, in general housing prices consistently over a long period go up.
- Stability and Freedom. By owning your own home you can decorate and renovate your home whichever way you like. Also staying in a common location for a number of years will provide a stable environment for children growing up...
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