Yes, your house is an asset. However, your mortgage is a debt (liability). If you’re paying a mortgage on your house, make sure your mortgage repayments are included.
Is a mortgage an asset?
Written by Monisha Begum
Updated over 5 years agoIs a mortgage an asset?
Yes, your house is an asset. However, your mortgage is a debt (liability). If you’re paying a mortgage on your house, make sure your mortgage repayments are included.