[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$foamqq76vpnjo":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},435,"equity-matters-a-lot-just-ask-freddie-mac","Equity Matters A LOT... Just Ask Freddie Mac","There are many reasons, both financial and non-financial, that homeownership remains an important part of the American Dream. One of the biggest reasons is the fact that it helps build family wealth. Recently, \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fblog\u002Fhomeownership\u002F20150715_equity_matters.html#prclt-NM22sUgp\">wrote\u003C\u002Fa> about the power of home equity. They explained:\r\n\r\n","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002F01161948\u002FFamily-Wealth.jpg","There are many reasons, both financial and non-financial, that homeownership remains an important part of the American Dream. One of the biggest reasons is the fact that it helps build family wealth. Recently, \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fblog\u002Fhomeownership\u002F20150715_equity_matters.html#prclt-NM22sUgp\">wrote\u003C\u002Fa> about the power of home equity. They explained:\r\n\r\n\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“In the simplest terms, equity is the difference between how much your home is worth and how much you owe on your mortgage. You build equity by paying down your mortgage over time and through your home's appreciation. In a nutshell, your money is working for you and contributing toward your financial future.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThey went on to show an example where a person bought a home for $150,000 with a down payment of 10% ($15K), resulting in a loan amount of $135,000. The buyer secured a 30-year fixed-rate mortgage at 4.5% with a monthly mortgage payment of $684.03 (not including taxes and insurance).\r\n\r\nThe chart below demonstrates the home equity built after 7 years of making mortgage payments and assuming the historic national average of 3% per year home appreciation:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002FHome-Equity1.jpg\">\u003Cimg class=\"alignnone wp-image-32247\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002FHome-Equity1.jpg\" alt=\"Home Equity | Simplifying The Market\" width=\"650\" height=\"326\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>And that number continues to build as you continue to own the home. \u003C\u002Fstrong>\u003C\u002Fh3>\r\n\u003Cem>Merrill Lynch\u003C\u002Fem> published a \u003Ca href=\"https:\u002F\u002Fwww.ml.com\u002Farticles\u002Fage-wave-survey.html\">report\u003C\u002Fa> earlier this year that showed the average equity homeowners have acquired by certain ages.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002FHome-Equity.3.jpg\">\u003Cimg class=\"alignnone wp-image-32246\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002FHome-Equity.3.jpg\" alt=\"Average Home Equity | Simplifying The Market\" width=\"651\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nHome equity is important to building wealth as a family. Referring to the first scenario above, \u003Cem>Freddie Mac\u003C\u002Fem> explained:\r\n\u003Cblockquote>\u003Cem>“Now, if you continued to rent, and made the same payment of $684.03 per month, you'd have zero equity and no means to build it.\u003C\u002Fem> \u003Cem>Building equity is a critical part of homeownership and can help you create financial stability.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nPut your housing cost to work for you and your family. Let's get together to explore your options.","\r\nHome equity is important to building wealth as a family. Referring to the first scenario above, \u003Cem>Freddie Mac\u003C\u002Fem> explained:\r\n\u003Cblockquote>\u003Cem>“Now, if you continued to rent, and made the same payment of $684.03 per month, you'd have zero equity and no means to build it.\u003C\u002Fem> \u003Cem>Building equity is a critical part of homeownership and can help you create financial stability.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nPut your housing cost to work for you and your family. Let's get together to explore your options.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002FHome-Equity1.jpg",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers","2015-11-23T10:00:09Z","2015-11-22T21:55:36Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},434,"singles-are-falling-for-their-dream-home-infographic","Singles Are Falling For Their Dream Home [INFOGRAPHIC]","https:\u002F\u002F\u002F","2015-11-20T10:00:58Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},436,"millennials-what-fico-score-is-needed-to-buy-a-home","Millennials: What FICO Score is Needed to Buy a Home?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F11\u002F01161945\u002FMillennials-Credit2.jpg","2015-11-24T10:00:29Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[44,48,49,53,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]