Your home is an investment vehicle. The magic of equity and appreciation can help you set yourself up financial success.
For example, if you have a $500,000 home and it appreciates by 5%, the next year, your home will be worth $525,000.
That’s an increase of $25,000 in equity without you having to save an extra cent!
If you were to save $25,000 yourself, that would mean putting away an extra $2,000 per month. Probably not going to happen, right?
That’s where owning your own home comes in. Even with higher interest rates, if now is the time for you to buy a home, it’s smart to start now and start building that equity and home value appreciation.
