Why Buying Now May Be Worth It in the Long Run

Written by Vero Beach Mortgage Syndicated User on September 26, 2024. Posted in Buying Tips, Equity, First-Time Buyers, For Buyers, Home Prices, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your decision.As soon as you buy, you’ll start gaining equity. And you’d be surprised how quickly that can add up – even with more moderate home price appreciation.Each quarter, Fannie Mae releases the Home Price Expectations Survey. It asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices over...

What Every Homeowner Should Know About Their Equity

Written by Vero Beach Mortgage Syndicated User on August 6, 2024. Posted in Equity, For Sellers, Selling Tips, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.Home Equity: What Is It and How Much Do You Have?Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and...

Unlocking the Benefits of Your Home’s Equity

Written by Vero Beach Mortgage Syndicated User on July 27, 2024. Posted in Equity, For Buyers, For Sellers, Infographics, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some HighlightsEquity is the difference between what your house is worth and what you still owe on your mortgage.The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).

Why Moving to a Smaller Home After Retirement Makes Life Easier

Written by Vero Beach Mortgage Syndicated User on July 12, 2024. Posted in Downsize, Equity, For Sellers, Selling Tips, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions:Do the original reasons I bought my current house still stand, or have my needs changed since then?Do I really need and...

Homeownership: The Heart of the American Dream

Written by Vero Beach Mortgage Syndicated User on July 5, 2024. Posted in Buying Tips, Equity, For Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below):So, why is buying a home important to so many today? One reason is the financial and physical security...

Homeowners Gained $28K in Equity over the Past Year

Written by Vero Beach Mortgage Syndicated User on July 4, 2024. Posted in Equity, For Sellers, Selling Tips, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works.Equity is the current value of your home minus what you owe on the loan.Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.How Much Equity Have You Earned over the Past 12 Months?According to the latest Homeowner Equity Insights...

Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on June 15, 2024. Posted in Equity, For Buyers, Infographics, Rent vs. Buy, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some HighlightsAccording to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, connect with a real estate agent to talk about why homeownership can be a better bet in the long run.

The Wealth-Building Power of Homeownership [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on June 8, 2024. Posted in Equity, First-Time Buyers, For Buyers, Infographics, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some HighlightsIf you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time.According to the FHFA, home values have increased by 315.7% since 1991.Home equity is one reason owning your own place can really pay off in the long run. When you’re ready, talk with a local real estate professional.

Your Equity Could Make a Move Possible

Written by Vero Beach Mortgage Syndicated User on June 7, 2024. Posted in Equity, For Sellers, Selling Tips, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat.But what if there was a way to offset these higher borrowing costs? There is. And the money you need probably already exists in your current home in the form of equity. What Is Equity?Think of equity as a simple math equation. Freddie Mac explains:“. . . your home’s equity is the difference between how much your home is worth...

Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on April 27, 2024. Posted in Affordability, Equity, Infographics, Move-Up, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some HighlightsDid you know the equity you have in your current house can help make your move possible?Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.

Category: Equity