How to Simply Increase Your Family Wealth by Paying for Housing

By In Blog, Home Buyers/Sellers, Home Buyers/Sellers, Real Estate Blog, . . . On December 18, 2018


Everyone should realize that 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 allows you to use your monthly housing costs to increase your family’s wealth.

Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases you also gain home equity.

To read more, click here: https://www.keepingcurrentmatters.com/2018/12/11/how-to-simply-increase-your-family-wealth-by-paying-for-housing/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-broadcast&utm_content=Blog_Digest&utm_term=Post3


Leave a comment