Monday, September 18, 2023 / by Julie Winter-Paez
Equity is the current value of your home minus what you owe on the loan. And with how much home prices have climbed in recent years, your equities got an extra boost. According to CoreLogic, the average US homeowner now has more than $274,000 in equity. That's up significantly for $182,000 before the pandemic. That's a big jump in a pretty short span of time. And you have increasing home values too thanks to that, and nationally prices are back on the rise today.
So if you've been in your house for at least a couple of years, and you may have a lot more equity than you realize when you're ready to find out just how much equity you have and how you can use it. Let me know I'll do a professional equity assessment report for you. So you know what you're working with let's make a plan to fuel your next home. Have a great day. And I look forward to seeing you soon in the Northwoods.
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