Thrive = Equity 🌱
When we talk about thriving in real estate, what we’re really talking about is…
…the equity you’ve accrued in the property you own. 🏡
What is property equity?
Home or property equity is like a savings account, but it's your house that's doing the saving.
For example, you bought a house (using a mortgage) in 2012 for $200,000.
Every time you make a mortgage payment, you're chipping away at that big number.
Meanwhile, the value of your house might be going up because real estate is a bit of a rockstar these days.
Home equity is the official term for how much of your house you actually own.
So, keeping it simple, if that house is now worth $400,000…
…and you've paid off $100,000 of your mortgage…
…you've got $300,000 in home equity! 💵
Why does equity matter?
Home equity can unlock a world of financial opportunity for you.
Not only can you can tap into that equity if you need cash for home repairs or renovations, but it can also help you move house.
If you’re at a stage of your life where you want to make some changes, for example:
⬆️ upsizing
⬇️ downsizing
✈️ relocating…
…you might be surprised at how your current home’s equity can make your next move absolutely seamless.
You might be able to purchase the home you want totally mortgage-free…. and you might even have some cash leftover for a vacation, a new car, or for a rainy day stash/emergency fund.
If you’re ready to take advantage of the opportunities your home equity can offer you (and to find out how much equity you have!), fill out the form below.
Prefer to speak on the phone or in person? We'd love to chat. Contact ✨609-760-8624✨
