#1 Financial Benefit of Homeownership: Family Wealth

Two Old Couple Sat On Sofa holding Dee Marie Fisher

While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the…

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