How Much Home Equity Have You Gained? The Answer Might Surprise You

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?
If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.
If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind.
If you’re taking a look at your expenses as you retire, saving money where you can has a lot of appeal.
Building equity in your house is one of the biggest financial advantages of homeownership.
Some Highlights While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud…
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own,…