Do You Know How Much Your House Is Really Worth?
When was the last time you checked the value of your home? If you’re like most people, probably not as often as you should. But here’s the thing—your home is likely the biggest financial asset you own. And if you’ve lived there for a few years, it’s probably been building wealth for you quietly in the background.
That hidden wealth is called home equity—the difference between what your home is worth today and what you still owe on your mortgage. And right now, homeowners have more equity than ever.
📈 The Numbers Say It All
On average, U.S. homeowners with a mortgage have about $302,000 in equity (Cotality).
Over the last 5 years, home prices jumped nearly 54% nationwide (FHFA).
In the past decade, the typical homeowner gained about $201,600 in wealth just from price appreciation (NAR).
Even if prices have leveled off in some areas recently, if you’ve been in your home for several years, you likely have a significant amount of equity built up.
🔑 What Can You Do with Your Equity?
Use it as a down payment for your next home.
Renovate your current home to fit your lifestyle better.
Invest in a business or other big goals.
✨ Bottom Line: Your home is probably worth more than you think. If you’re curious, let’s connect. I’ll run a professional equity assessment so you know exactly where you stand—and what opportunities are waiting for you.
Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.