Some investments can fulfill more than one financial purpose and
serve as a valuable resource. For instance, when you purchase a home, it
may appreciate in value and yield a handsome profit when you sell it.
Additionally, as you make your monthly mortgage payments you build up
equity, which is the amount of your ownership stake in the property. You
can borrow against your accumulated equity by taking out a home equity
loan or home equity line of credit to help you more immediate financial
needs.
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