Case File E: Equity — How Homeowners Build Wealth Over Time
By Joseph Lorenzo, Your Law And Order Realtor
(Supreme Management LLC)
Case File E: Equity — How Homeowners Build Wealth Over TimeToday in “The ABC’s of Real Estate,” we open Case File E: Equity — How Homeowners Build Wealth Over Time.When people talk about buying a home, they usually focus on the obvious things:The purchase price.The interest rate.The monthly payment.The down payment.The closing costs.The kitchen countertops.And yes, countertops matter. I have seen people fall in love with a kitchen faster than a detective spots the only suspicious character wearing gloves in July.But one of the most important benefits of homeownership is something you may not notice right away when you walk through the front door.That benefit is equity.Equity is one of the main ways homeowners build wealth over time. It is not flashy. It does not show up with balloons, a...
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