If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Over the past year, […]
Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]
![Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]](https://mikesellsnj.com/wp-content/uploads/2024/06/download-4-2-500x300.png)
According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years. That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense […]
The Wealth-Building Power of Homeownership [INFOGRAPHIC]
![The Wealth-Building Power of Homeownership [INFOGRAPHIC]](https://mikesellsnj.com/wp-content/uploads/2024/06/download__95_-GgJdzK-500x300.png)
If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time. According to the FHFA, home values have increased by 315.7% since 1991. Home equity is one reason owning your own place can really pay off in the long run. When […]
Your Equity Could Make a Move Possible
Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat. But what if there was a way to offset these […]