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Is equity build up good?

User Dorthy
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Answer:

It decreases your debt and increases the money you have stashed away in assets, which is a strong way to build financial stability. Beyond that, you can also leverage home equity to borrow money at a lower interest rate.

Building the amount of equity in your home could help you to buy a more expensive home in the future. It can also mean you are less likely to have negative equity. The best way to build equity is to pay a bigger deposit when you buy your property.

User Arnaud Bertrand
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