building equity in a home is a good thing because\n○ mortgage payments decrease as equity increases.\n○…

building equity in a home is a good thing because\n○ mortgage payments decrease as equity increases.\n○ credit scores increase as equity increases.\n○ equity in a home increases the homeowners net worth.\n○ property taxes decrease as equity increases.

building equity in a home is a good thing because\n○ mortgage payments decrease as equity increases.\n○ credit scores increase as equity increases.\n○ equity in a home increases the homeowners net worth.\n○ property taxes decrease as equity increases.

Answer

Brief Explanations:

Equity represents the portion of a home's value that the homeowner truly owns. Net - worth is the difference between assets and liabilities. As home - equity (an asset) increases, the homeowner's net - worth increases. Mortgage payments are based on loan terms and don't change with equity. Credit scores are influenced by factors like payment history and debt levels, not directly by home - equity. Property taxes are based on the assessed value of the property and local tax rates, not on equity.

Answer:

equity in a home increases the homeowner's net worth.