How Much Home Equity Have You Gained? The Answer Might Surprise You

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year…
Did you know the equity you have in your current house can help make your move possible?
If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify.
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity…
Mattress Money and other funds used to purchase a home With vigilant focus on the source of funds for closing mortgage loans, its important to know what’s acceptable. Here’s what you need to know and what you will need to provide: Mattress Money Or any “cash on hand” is not acceptable. All funds must…
Thinking about selling your house?