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  • Writer's picturekellyzrealtor

Feel Sad When You Pay Your Mortgage? Read This!

Ever feel depressed after you pay down your mortgage because you feel like that money is gone? Instead, you should be doing a little happy dance when you make that monthly mortgage payment.


Why? Because that money is far from gone. Here's why owning your own home is a cause for celebration–even when you pay your mortgage:


You’re Building Equity: Unlike renting, where your monthly payment feels like money disappearing into thin air, each mortgage payment is an investment in your home. You're not just paying to live there; you're actively building equity. As a reminder, equity is that real estate magic that makes owning a home such a smart investment–because you get it back when you sell the home. 


You’ll Get It All Back (Plus Some!) When You Sell: The beauty of paying your mortgage is that it's not a one-time transaction. You’ll see the money you’ve paid into it again when you decide to sell your home. The equity you've built over the years becomes a return on investment. When you sell, you'll not only recoup all that money but you’ll also make a profit! Renting could never.


You’re Saving Money Compared to Renting: Renting can seem like an easy housing option, but it comes with a big downside. When you rent, your hard-earned money goes straight to your landlord’s pocket–you'll never see a cent of it again. Owning your home is basically the opposite. While you’re still making a monthly payment, that money goes towards building your financial future through equity and rewards you when it’s time to sell. 


Owning a home is so much more than just having a place to call your own; it's a smart financial investment that pays off in the long run. 


Remember that each mortgage payment is an investment in your future, a step toward financial stability and growth. So keep celebrating those mortgage payments!


If you have any questions about homeownership, or building equity, or are curious about the current real estate market, send me a message.

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