Your Home Equity Can Offset Affordability Challenges. Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates …
Your Home Equity Can Offset Affordability Challenges Read More »
It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your home’s value over the last …
How Your Equity Can Grow over Time on your CT Home Read More »
Homeowners Today Have Tremendous Equity Homeowners today are enjoying a significant increase in home equity, which is the difference between the current market value of their property and the outstanding balance on their mortgage. Several factors have contributed to this trend: Rising Home Prices: In recent years, many housing markets across the United States, including …
