How Your Equity Can Help You Achieve Your Goals!

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity & why is it important? Equity is the difference between the market value of your home and the amount you owe on your mortgage. Home equity or net worth gains are built up through price appreciation and by paying down your mortgage.

The equity you build up over the years can be used to your advantage when you sell your current house, buy your next home or look to lower your monthly expenses through debt consolidation. Having a solid understanding of your equity is key when it comes to understanding your options and making decisions. If you’re looking to leverage your equity to boost your buying power in today’s market, having a trusted agent by your side makes a big difference. Hiring a skilled Realtor can give you a realistic estimate of home prices in your area and can help determine what your current home could sell for in today’s market. With that information, you can calculate how much equity you have to play with.

Along with a strong Realtor, having a trusted mortgage lender will provide you all the solutions needed to expand your buying power, consolidate debt and put you into the best possible situation as you look to the future. Imagine using your home equity to lower your monthly debts, allow a greater level of monthly savings and increase your buying power when you are ready to move! Providing solid advice on how best to position your finances, balance debt, maximize credit scores and creates a greater picture of wealth is an area we specialize.

- Jill Bartoletti w/ Movement Mortgage - www.JillBartoletti.com
425.444.9755 or jill.bartoletti@movement.com