Home Equity: Source of Strength for Homeowners Today
Channel: Darren Dowling - Best Realtor in Sarasota
Date: 2022-12-08

Home Equity: A Source of Strength for Homeowners Today

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years. 

According to CoreLogic:
“The total average equity per borrower has now reached almost $300,000, the highest in the data
series.”

So, what does that mean for you? If you’ve lived in your house for at least a few years or more, chances are your home’s value, and your equity, has risen dramatically. In addition, the mortgage payments you’ve made during that time chipped away at the balance of your loan. If your home’s current value is higher than what you still owe on your loan, you may be able to use that increase to your advantage.

___________________ Contents of this video ____________________________

0:00 Intro
0:44 Percent of Mortgages in Forbearance Decreases in September (Graph)
1:14 Foreclosure Definition
1:39 Available Alternatives to Avoid Foreclosure
1:54 You May Be Able To Use Your Equity To Sell Your House
1:58 Equity Definition
2:29 So, what does that mean for you?
2:59 Rick Sharga Explains How Equity Can Help
3:19 Lean on Experts To Explore Your Options
3:56 The Bottom Line

For more info and ideas about real estate and selling or buying your property visit my website and other social media sites:
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www.sarasotapropertysales.com

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