Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.
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Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity.
Are you thinking about selling your house?
You may see media coverage talking about a drop in homeowner equity.
If you’re a homeowner, you might be torn on whether or not to sell your house right now.
One of the benefits of being a homeowner is that you build equity over time.
If you’re a homeowner, odds are your equity has grown significantly over the last few years.
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 right now.
If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.