You might acquire equity but, if you have a mortgage, you have to time it properly. Yes markets can run up but they also go down.
And that interest rate keeps piling up. The truth in lending statement would open up some eyes if people actually read it.
And let us not forget that over 15 years, you will have to replace a bunch of expensive stuff like AC, water heater, appliances and, perhaps, a roof and some windows.
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