After the rollercoaster ride the stock market has been on recently, checking the value of your home should come as a welcome relief. As Homeowners, you got a big boost over the past few years thanks to rising home prices. Much of your net worth came in the form of home equity.
Over the past two years, particularly, home prices appreciated substantially. According to Corelogic, the average home equity in California rose by $117,000. To explain why this matters so much, Lawrence Yun, Chief Economist at the National Association of Realtors, explains it this way:
“…the decline in the stock market has dented overall net worth. It has fallen by $6 trillion from the first to the second quarter. Only housing wealth has held on, with homeowners’ real estate wealth rising by $1.2 trillion.”
Homeownership is historically a great hedge against inflation, too. Because your largest monthly payment is your mortgage, you can lock this obligation in for the duration of your loan enabling you to stabilize some of your monthly expenses.
If you are looking to increase and protect your family’s wealth, consider becoming a Private Mortgage Lender with Sun Pacific Mortgage. We take the hassle out of owning property! Once you have made your investment, you can just sit back and collect the payments stress free. Monthly your higher return interest profits come back to you (upwards of 13%) – that kind of passive income is hard to come by anywhere else. Give us a call at 707-523-2099 or check out our Investor website page here https://www.sunpacificmortgage.com/invest-in-trust-deeds/ and send in a form for further data.