How to Build Wealth | Fixed Rate Mortgage
Whether interest rates are in the 3’s or the 6’s the fixed rate mortgage is one of the most powerful wealth builders in the universe. By locking in a stable interest rate, a fixed rate mortgage can be used as a tool to build wealth over time. Regular mortgage payments, combined with an appreciating property value, can help homeowners build equity, or ownership in their home, which can serve as a valuable asset and source of long-term financial security. Additionally, the predictable monthly payments of a fixed rate mortgage can allow for budgeting and financial planning.
How the Fixed Rate Mortgage Builds Wealth
Number one is appreciation. It's not just appreciation, but it's a leveraged…
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