You May Have More Home Equity Than You Realize

You May Have More Home Equity Than You Realize
Do you know how much equity is ACTUALLY in your home?
If you own a home, chances are your net worth has seen a nice boost over the past year.
Home prices have been rising steadily, which means you’re building equity much faster than you might think. But what exactly does that mean for you?
𝑬𝒒𝒖𝒊𝒕𝒚 = 𝒀𝒐𝒖𝒓 𝒉𝒐𝒎𝒆’𝒔 𝒄𝒖𝒓𝒓𝒆𝒏𝒕 𝒗𝒂𝒍𝒖𝒆 - 𝒘𝒉𝒂𝒕 𝒚𝒐𝒖 𝒐𝒘𝒆 𝒐𝒏 𝒚𝒐𝒖𝒓 𝒎𝒐𝒓𝒕𝒈𝒂𝒈𝒆.
In the last year, there’s been a higher demand for homes than the number available for sale. This demand has pushed prices up and, in turn, increased equity for homeowners like you.
The average homeowner’s equity grew by $28,000 in the last year alone!🤯
And if you bought your home before the pandemic, your news is even better. Home prices have skyrocketed by 37.5% from May 2019 to May 2024, boosting your home’s value significantly.
So, what can you do with all that equity?
Depending on how much you have, you can... buy your next home in cash.
...make a larger downpayment and finance less in your next home.
...you could even buy down your interest rate to get a more competitive interest rate for that next home you and your family are looking for.
Did you know that TWO-THIRDS of homeowners today have over 50% equity in their home?
That means half of your home's value is sitting as untapped money that most people don't realize they have at their fingertips.
Curious how much equity you've built up? Find out in SECONDS and see how it can help with your next move!
We're here to help you get started... click the link below to access your free home valuation.