Brace yourself for this mind-blowing fact:
Almost two-thirds of U.S. homeowners have either paid off their mortgages or possess a whopping 50% of equity in their homes RIGHT NOW!
That means the average homeowner now has more than $274,000 in equity — up significantly from $182,000 before the pandemic!
Imagine the goldmine you might be sitting on without even realizing it.
This equity can change the game if you want to move. And here's how:
You can use your equity to help with your next purchase. It may be some (if not all) of what you’ll need for your next down payment, allowing you to put a considerably larger amount down on your next home, so you don’t have to finance quite as much.