Equity is on the rise and is helping American homeowners secure a stable financial future. A recent report from CoreLogic shows that the average homeowner gained $9,800 in equity over the past year (graphic below). Experts are also expecting 2020 home prices to continue to rise, which means equity gains will also increase! You might be asking yourself, “Why is this so important to me?” Read on to learn more!
Having a good understanding of equity can help homeowners feel more secure about their finances, especially during the economic stress caused by the pandemic. That’s why we’re sharing two key benefits of increasing your home equity.
While there are many benefits to being a homeowner, financial stability may be at the top of the list. Not to mention the fact that as your home appreciates in value, the financial options increase with it. Connect with the Apex Home Loans team today to discover the best loan options for you and your family.