https://rehinow.leadpages.co/home-buy... One of the biggest reasons is the fact that it helps build family wealth. Recently, Freddie Mac wrote about the power of home equity. They explained: <br /> <br /> <br />“In the simplest terms, equity is the difference between how much your home is worth and how much you owe on your mortgage. You build equity by paying down your mortgage over time and through your home’s appreciation. In a nutshell, your money is working for you and contributing toward your financial future.” <br /> <br />They went on to show an example where a person bought a home for $150,000 with a down payment of 10% ($15K), resulting in a loan amount of $135,000. The buyer secured a 30-year fixed-rate mortgage at 4.5% with a monthly mortgage payment of $684.03 (not including taxes and insurance). <br /> <br />The example used in this video demonstrates the home equity built after 7 years of making mortgage payments and assuming the historic national average of 3% per year home appreciation. <br /> <br />If you would like to learn more, contact us today at 605-858-0775 or go to https://rehinow.leadpages.co/home-buy... for a free gift.
