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Some Highlights
- According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months.
- That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home.
- To find out how much equity you have in your home and how you can use it, let’s connect today.
According to recent data from CoreLogic, homeowners have seen a significant increase in their home equity, with the average homeowner gaining $64,000 in the past 12 months. This increase in equity can be a game-changer, especially if you’re planning to move.
How Can You Use Your Home Equity?
- Down Payment on Your Next Home: The equity you’ve built in your current home could be used as a down payment for your next property. This could reduce the amount you need to borrow, making the transition easier and potentially lowering your monthly mortgage payments.
- Leverage for Better Financing Options: With more equity, you may qualify for better loan terms, helping you secure a more favorable interest rate on your next mortgage.
- Build Wealth: The more equity you have, the more financial flexibility you gain. You could use it for other investments or expenses, ensuring that your home is not just a place to live, but a key part of your financial strategy.
If you’re curious about how much equity you have in your home and how it can benefit you when selling, let’s connect today. I can help you assess your current situation and guide you on how to make the most of your home’s value.