What is the true value, i.e. advantages or benefits, of building up equity in your home?

Asked by Rhayward, Brooklyn, NY Mon Mar 18, 2013

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Jacques Ambr…, Agent, Forest Hills, NY
Tue Mar 19, 2013
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Think of it as savings with growth in value. As you build up equity, the value of the property goes up and therefore equity. I don't know if you are talking about paying down your mortgage, but you may want to talk to your accountant about that
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Mitchell Fel…, Agent, Brooklyn, NY
Tue Mar 19, 2013
Dear Rhayward:

The fact of the matter is that the easiest and best way to start accumulating wealth in America is to own your own home to live in. Statistically it is the safest and best investment a person can make.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
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Tina Lam, Agent, San Jose, CA
Mon Mar 18, 2013
Financially, it's very helpful to have equity. You can borrow against it or use it to buy a larger or better home.
Web Reference:  http://www.archershomes.com
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