[태그:] #mortgage
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The Compound Effect: Building Your Household’s Wealth
Wealth is within reach for many people; however, according to a recent study, 63 percent of Canadian said it’s not likely they’ll become rich. While younger people are more likely to say they’ll achieve wealth one day, only 34 percent of people aged 30 to 49 and 21 percent of people aged 50 or older…
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The Home Equity Playbook
What is Home Equity? Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example: Current Home Market Value $325,000Existing Mortgage $225,000Homeowner Equity $100,000 One side of the equation is well defined, and it is found…
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Take Advantage of Your Home Equity: A Homeowner’s Guide
Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school.1 But one of the…
