As mentioned in our previous blog, owning property is one of the most effective ways of building wealth. The real value of your home lies in the equity raised and when you have raised enough equity, you have the option to access it. Here are our top ways to make the most of the equity in your home.
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What is Equity in a Home?
There are more perks to homeownership than just being your own landlord – home equity is one of them.
Owning property is widely considered to be one of the most effective ways of building wealth. Yes, the property is the asset, but the real value of your home lies in the equity raised. Equity is essentially the part of the home that you own, which increases as you pay off your home loan.
When you have raised enough equity, you have the option to access it. From renovating your property, to buying an investment to buying into the stock market – the world is your oyster, and your home equity is the pearl.
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