While many of us call ourselves homeowners when we first sign
a mortgage, the sad reality is that the bank usually owns more of our homes than
we do - at least for the first number of years.
But paying down your mortgage quickly - with accelerated, lump sum and increased payments - can help you own your home years sooner.
If you've been taking these steps - or if you've had your mortgage for a number of years - you might want to check out this cool tool: http://www.whosmyhouse.com/en/.
It will help you figure out exactly what percentage of your home you own - and what part the bank still has a claim over. It even breaks it down according to rooms so, if you're just starting out, you may only own the equivalent of the bathroom or kitchen
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