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The combination of rising property value and the gradual paying off of the home loan creates value in the property, or:
The combination of rising property value and the gradual paying off of the home loan creates value in the property,
Answer
Or Equity By doing that you basically make an investment for yourself which technically increase your Equity.
The same principal apply if you buy, let's say a gold.
If the gold increase in value, it mean that your Equity is increased
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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017
This 41 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 192 views.