equity Archives -

Why Home Equity Matters More Than You Think Before Moving

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A lot of people are asking the same thing right now: “Is it even a good time to sell? ” And the truth may come as a bit of a surprise… For many homeowners, the answer is a strong yes. Why? Because of one major factor working in your favor: your equity. Odds are, if you’ve lived in your home for aContinue reading “Why Home Equity Matters More Than You Think Before Moving”

Now’s the Time To Upgrade to Your Dream Home

Are you thinking of upgrading to your dream home? A recent Inman survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below): But there’s also a good chance you, like many other people, have been holding off on that goal because of recent market challenges. It makes sense – whenContinue reading “Now’s the Time To Upgrade to Your Dream Home”

Ways Your Home Equity Can Help You Reach Your Goals

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If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is worth andContinue reading “Ways Your Home Equity Can Help You Reach Your Goals”

What Is Equity

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Equity is the value you own in a property such as a house. It’s the difference between what’s owed and what the property is worth in the current market. Let’s say you have a house worth $300,000 today and you owe the bank, $200,000 your equity would be $100,000. If the house is valued atContinue reading “What Is Equity”

What Is Equity

“Equity” is the value you own in a property, such as a house. It’s the difference between what’s owed and what the property is worth in the current market. Read Also: Understanding Seller Disclosures Let’s say you have a house worth three hundred thousand dollars today and you owe the bank two hundred thousand dollars. YourContinue reading “What Is Equity”

What Is a Reverse Mortgage?

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A reverse mortgage is a type of loan available to homeowners age 62 years are older. It’s called a reverse mortgage because the lender makes payments to the borrower with a reverse mortgage seniors can convert the equity in their homes into cash. The product was created to help people with limited income use theContinue reading “What Is a Reverse Mortgage?”