In today's competitive market, you need a passionate, local advisor that can help you navigate the home buying and selling process. As a valued client, you'll receive:
• Local market knowledge
• Access to industry-leading real estate tools to determine your homes value or customize your home search
• A proven negotiator who will be with you every step of the way
• A trusted and knowledgeable partner through closing and beyond
Blog Posts
Home Equity Can Offset Affordability Challenges
It's important to understand the various ways homeowners can leverage their home equity to overcome affordability challenges. Home equity refers to the portion of the property that you truly own, which is the difference between the property's market value and the remaining mortgage balance. Here are a few ways homeowners can use their home equity to address affordability challenges:
1. Refinance: Homeowners with a significant amount of equity can consider refinancing their mortgage to take advantage of lower interest rates. By refinancing, they can potentially lower their monthly mortgage payments and improve affordability.
2. Home Equity Loan or Line of Credit: Another option is to take out…