What is Home Equity and How Can it Help?
Equity is the portion of your home that you truly own. It builds up over time as you pay down your mortgage and as home values increase. The good news? You might have more equity than you realize!
According to CoreLogic, the average homeowner with a mortgage has a whopping $298,000 in equity. That’s a powerful tool you can leverage to make your dream move a reality.
Here’s how your home equity can unlock your next chapter:
- Bigger Down Payment, Better Rates: A larger down payment on your next home means you’ll borrow less and potentially qualify for a more favorable mortgage rate. This translates to significant savings throughout your loan term.
- Cash is King: With enough equity, you might be able to bypass the mortgage process altogether and become an all-cash buyer. This gives you a stronger negotiating position and can speed up the closing process.
Unlocking Your Equity Potential
Wondering how much equity you’ve built up in your home? The Kerezsi Real Estate Team is here to help! We offer a complimentary Professional Equity Assessment Report (PEAR). This personalized report will give you a clear picture of your home’s current market value and your estimated equity.
Don’t let tight affordability hold you back from your dream move. Connect with The Kerezsi Real Estate Team today! We’ll help you unlock your home equity’s potential and find the perfect next step in your real estate journey.
Who You Work With Matters
In a competitive market, having an experienced realtor on your side can make all the difference. The Kerezsi Real Estate Team has a proven track record of success in the Media, Delaware and Philadelphia area. We’ll guide you through every step of the selling process, ensuring you get the most out of your home equity.
Credits: www.keepingcurrentmatters.com