Unlock the potential of your equity.

Are you thinking about making a move? 

Despite the challenges that the market may present, there have been noticeable improvements in affordability this year. While it’s understandable that you may have concerns about this, it’s important to recognize that gaining a clear understanding of your home equity can actually simplify the decision-making process for you. 

Imagine equity as a simple math equation. It equals the current value of your home minus the amount you still owe on your mortgage. Surprisingly, your equity has likely experienced substantial growth recently.

With home prices soaring in recent years, the value of your home—and consequently, your equity—has likely surged as well. Therefore, you might possess more equity than you previously thought.

After we sell your house, you can use your equity to help you buy your next home. Here’s how:

• Make a larger down payment: Your equity could also be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money. 
• Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. 

Let’s work together to see how much equity you have in your home and find out what moves we can make.