So, you’ve decided to take the plunge and buy a new home. Maybe you’re looking to upgrade your home to better accommodate your growing family, or perhaps it’s your first new home. Regardless of the reasons, buying a new home is an exciting adventure. But before you start your journey, we’re sharing the ultimate home buying checklist to better prepare you for the road ahead.
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It’s no secret that owning a home carries many financial benefits. The equity you accumulate over time is one of those benefits that can be tapped into for various reasons. It can be a resource to fund home improvements, major life events, or it can even be used to consolidate personal debt to pay it off faster. Let’s first review equity and how it’s accumulated.