The Big Difference Between a Homeowner’s and a Renter’s Net Worth

by Michael Cummiskey

Homeownership is one of the best ways to build wealth in our country and it’s easy to see why.
As you pay down your mortgage and as home values rise over time, you gain equity – and that helps grow your net worth. That’s why a homeowner’s net worth is nearly 40X greater than a renters.
But you should only buy a home when you’re ready and able to do it. If you want to build a plan to get there, connect with a local agent.