The increase in value of something because it is worth more now than when you bought it is known as appreciation. This can occur with assets like real estate, stocks, or collectibles. Appreciation reflects the rise in market value over time, often influenced by factors such as demand, economic conditions, and improvements to the asset.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

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