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Posts Tagged ‘Pay off Mortgage Concepts’

In most areas of the country the equity in your home has probably been slashed by 40% or more. And like a stock investment, it will take time before your home appreciates in value again.

Selling your home and taking the advantage of buying a much cheaper house thats on sale in your neighborhood might not be the right thing to do at this point.

Take note that securing a home is not the same as investing on stocks. Stocks can be traded; your home is a capital investment. So essentially, it is easier to trade stocks than trade homes. Also, giving up your home may require you to shoulder major tax consequences.