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Post by mattcathes on Mar 20, 2021 5:30:11 GMT -5
When you subtract the amount you owe on your home loan from the total value of your house, the amount left over is your home equity-the “dollar” value of your home that actually belongs to you. There are two ways to build equity:
With each monthly mortgage payment you make, a portion goes toward reducing the amount you owe on your loan, which increases your equity. In a sense, paying your mortgage is a form of savings, as it increases the equity in your home.
As your home increases in the value, it creates more equity for you
In a sense, paying your mortgage is a form of savings, since it increases your home equity which you can tap into if you need money in the future.
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Post by macaulyregan on Apr 30, 2021 3:08:51 GMT -5
I tried to buy a house 3 years ago and thank God that I found a lot of different services that can give you some additional cash. I had only 100 dollars after I bought my dream and I started thinking about money and that I need more to live like a normal person. And I've tried this one several times via my phone and I overall enjoy the experience that I get from this app. Then I gave the link to my friend, and he said that he loved it, and now I am currently using this app.
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Post by aprilmathers on Jan 5, 2024 6:46:59 GMT -5
Refinancing can offer financial flexibility by changing the terms of your mortgage to better align with your current financial situation and goals.
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