Your Equity Could Make a Move Possible

Written by Destin FL Mortgage Mortgage Syndicated User on June 6, 2024. Posted in Destin FL Mortgage, Equity, For Sellers, Mortgage Destin FL, 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 is...

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

Written by Destin FL Mortgage Mortgage Syndicated User on April 26, 2024. Posted in Affordability, Destin FL Mortgage, Equity, Infographics, Mortgage Destin FL, Move-Up.

Some HighlightsDid 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.