Here is the true value of having a fully paid-off home in America

By Bo Beard | May 7, 2024

Mortgage-free

According to Bloomberg, a significant portion of homeowners are now at retirement age. 
 

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If you find yourself in the fortunate position of being mortgage-free and approaching retirement, you likely have substantial financial benefits. Firstly, the value of your home, if you decide to sell it, represents 100% equity that belongs entirely to you. 
 

Wealth reservoir

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With no ownership by the bank, and if property values in your area have risen since your purchase, your home has transformed from a mere shelter into a wealth reservoir. It is essential to recognize that homes do not generate returns in the same manner as traditional investments.