building equity in a home is a good thing because\nmortgage payments decrease as equity increases.\ncredit…

building equity in a home is a good thing because\nmortgage payments decrease as equity increases.\ncredit scores increase as equity increases.\nequity in a home increases the homeowners net worth.\nproperty taxes decrease as equity increases.

building equity in a home is a good thing because\nmortgage payments decrease as equity increases.\ncredit scores increase as equity increases.\nequity in a home increases the homeowners net worth.\nproperty taxes decrease as equity increases.

Answer

Answer:

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

Brief Explanations:

Equity represents ownership value. Higher home - equity means more value owned by the homeowner, thus increasing net worth. Mortgage payments are based on loan terms, not equity. Credit scores are not directly tied to home - equity. Property taxes are often based on property value, not equity.