Should I Move or Refinance? The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. This surge in equity has given most homeowners the opportunity to use that equity in one of two ways: >>Refinance to cash out some of the equity or lower their current payment An abundance of equity and record-low mortgage rates can make refinancing a home very easy. Some homeowners choose to refinance so they can lower their payment. Others convert a portion of the equity to cash while keeping their monthly payment the same. >>Move to a home that better fits their current needs The past year prompted many households to redefine what a dream... #Bgroup #Prescott #Realtor #Homes #Smart

Should I Move or Refinance? The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. This surge in equity has given most homeowners the opportunity to use that equity in one of two ways: >>Refinance to cash out some of the equity or lower their current payment An abundance of equity and record-low mortgage rates can make refinancing a home very easy. Some homeowners choose to refinance so they can lower their payment. Others convert a portion of the equity to cash while keeping their monthly payment the same. >>Move to a home that better fits their current needs The past year prompted many households to redefine what a dream... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
https://bit.ly/3bKAcnc