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Unlocking the Benefits of Your Home's Equity

July 26, 2024
market conditions

Unlocking the Benefits of Your Home's Equity

July 26, 2024
Homenewsmarket conditions
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Homenewsmarket conditions
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Unlocking the Benefits of Your Home's Equity

In this Article...

In Savannah, Georgia, and the surrounding area, homeowners are discovering the hidden potential of their home equity. Equity represents the difference between your home's current market value and the remaining mortgage balance. Over the past year, the typical homeowner has seen a significant increase of $28,000 in equity, bringing the average total to $305,000. This growing equity opens up numerous financial opportunities. To understand your home's equity and explore its benefits, consider connecting with a real estate agent for a Professional Equity Assessment Report (PEAR). EBRSavannah, a dedicated agency for homebuyers, can guide you through the process.

Unlocking the Benefits of Your Home's Equity

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Some Highlights

  • Equity 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).
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