The Wealth-Building Power of Home Equity
Homeowners are currently enjoying a significant increase in their home equity, driven by both the steady reduction of their home loans and the resurgence of home prices. This resurgence in home prices is providing homeowners with an added boost to their financial position.
In a remarkable statistic, nearly half of all homeowners can be classified as 'equity rich' because they possess a minimum of 50% equity in their homes. If you've been a homeowner for an extended period, it's quite likely that you've accumulated a substantial amount of equity as well.
If you're curious about precisely how much equity you've amassed, consider reaching out to a trusted real estate agent who can provide you with a Professional Equity Assessment Report (PEAR). This report will offer valuable insights into your current equity position, empowering you to make informed financial decisions based on your home's wealth-building potential.