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January 2019

Found 1 blog entry for January 2019.

Want to create wealth through homeownership? BUILD EQUITY.

Home equity is the percentage of your home’s value that you own, and it’s key to building wealth through homeownership. Let’s take a closer look at how to build home equity without blowing your budget — and how to access it when you need it.

How Much Equity Do You Have?

Equity is easy to calculate when you first buy a home because it’s basically your down payment. For example, if you put $11,250 down on a $225,000 home, your down payment is 5% and so is your equity.

How to Build Your Equity

Here are five ways your home can create wealth for you. Some require time, money — or both.

  1. Let your home appreciate

Building equity through appreciation can take little time or a

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