01/27/2023
Are You Equity Rich?
Many homeowners have grown their equity significantly in the past few years. Not so long ago, the opposite was true. Many millions of homeowners were in negative equity positions.
Home equity can be a long-term strategy for building wealth. And, if you’re equity rich, you can tap into that equity if you need or want the cash for something else. The equity cushion can also be used for a subsequent home purchase, including a move-up buy where a large down payment is needed.
For those homeowners who have seen an increase in equity, there are an increasing number of options on what it means and what you can do with it. I’d love to do a FREE Annual Equity Analysis to answer any questions you might have.
