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Build Up of Equity 

 

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Building Equity for the Future

 

·       Owning a home is like investing in an automatic savings account. You accumulate savings in two ways. Every month, a portion of your monthly mortgage payment goes to the principal, reducing the overall loan amount. Each year, a greater percentage of your mortgage payment goes to paying down the principal.

 

·       Second, your home appreciates over time, making it one of the very best financial investments.

 

·       As your property appreciates, you build up equity in the home, increasing your household wealth.

 

·       Many families elect to take out home equity loans to help put children through college, to purchase a second home, to make home improvements, to start a new business, to pay for medical costs or even to take vacations.

 

·       And interest payments on home equity loans are fully deductible up to $100,000.

 

·       By comparison, consumers who carry credit card balances cannot deduct the interest and can pay rates as high as 20 percent, more than double a typical home equity line of credit.

 

 


Copyright © 2008 Liberty Rental Properties. Whether you're looking to rent a house or condo, lease with option, rent to own, or purchase one of our new homes or<< Learn more about fair housing and equal opportunity. condominiums on land contract, Symphony Homes and Liberty Rental Properties can help!  Call (810) 658-3600 for rental properties in Genesee County, Oakland County, Burton, Clio, Davison, Holly, Fenton, Linden, Flint, Lapeer, Grand Blanc, Goodrich, Montrose, Swartz Creek, Lake Orion, and many more!  If you're in need of professional property management services, or just plain tired of being a landlord, give us a call!  Whether you have one house or a hundred, of if you're an apartment owner, Liberty Rental Properties provides complete professional property management services!