WHAT IS EQUITY & HOW DO YOU BUILD IT?
Everyone wants some equity in their life because it's something you hear about A LOT, but what exactly is it?
Let's define it: equity is the value of the homeowner’s interest in their home (or more simply said, how much they've paid towards it thus far)
How to build equity:
Own a home in 2021 - no like, seriously LOL.
Due to the high demand for homes and the abundance of buyers, homes are increasing in value each month!
Make your monthly payments on time each month
If you can, pay more on your mortgage monthly
This not only helps you pay down the principal faster and save on interest!
After you understand what it is, it's easy to build it up, right?
Ready to start building equity in a new home?! Let's get together!