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Category: Equity

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Unlocking the Benefits of Your Home’s Equity

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, For Buyers, For Sellers, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates.

Some Highlights Equity is the difference between what your house is worth and what you still owe on your mortgage. The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity. To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).

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Why Moving to a Smaller Home After Retirement Makes Life Easier

Written by Key Largo Mortgage Syndicated User on . Posted in Downsize, Equity, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions: Do the original reasons I bought my current house still stand, or have my needs changed since then? Do I really...

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Homeownership: The Heart of the American Dream

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, Equity, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates.

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream. A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below): So, why is buying a home important to so many today? One reason is the financial and physical...

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Homeowners Gained $28K in Equity over the Past Year

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners. How Much Equity Have You Earned over the Past 12 Months? According to the latest Homeowner...

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Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, For Buyers, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Rent vs. Buy.

Some Highlights According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years. That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time.  If you’ve been debating if it makes more sense to rent or buy, connect with a real estate agent to talk about why homeownership can be a better bet in the long run. 

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The Wealth-Building Power of Homeownership [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, First-Time Buyers, For Buyers, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates.

Some Highlights If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time. According to the FHFA, home values have increased by 315.7% since 1991. Home equity is one reason owning your own place can really pay off in the long run. When you’re ready, talk with a local real estate professional.

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Your Equity Could Make a Move Possible

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat. But what if there was a way to offset these higher borrowing costs? There is. And the money you need probably already exists in your current home in the form of equity. What Is Equity? Think of equity as a simple math equation. Freddie Mac explains: “. . . your home’s equity is the difference between how much your home...

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Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Affordability, Equity, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Move-Up.

Some Highlights Did you know the equity you have in your current house can help make your move possible? Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer.  The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.

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