A Compelling Reason To Own Your Home

Owning your home is perhaps one of the best ways to increase your family's net worth. What is net worth? It is the value of assets like cash, vehicles, investments and real estate minus any debt owed. It provides a snapshot of a person's financial health, and lenders look at net worth in their determination of credit worthiness. According to a recent report released by the National Association Of Realtors, home owners tend to have an exponentially greater net worth than renters. Much of this value is, not surprisingly, tied to the value of the home.