Unlock Your Next Home: How Home Equity Can Make Moving Possible
Unlock Your Next Move: Home Equity Explained
Thinking about moving? Your current home's equity could be your key.
What is Equity? Simply put, it's the difference between your home's current market value and what you still owe on your mortgage. Thanks to recent home price appreciation, many homeowners are sitting on significant equity.
The Numbers:
- Over 2/3 of Americans have paid off their mortgage or have at least 50% equity.
- On average, homeowners today have around $311K in equity.
How to Leverage Your Equity:
- Fund Your Down Payment: Use some or all of your equity to cover the down payment on your next home, potentially lowering your future mortgage costs.
- Be an All-Cash Buyer: In a competitive market, your equity could allow you to buy your next home outright, eliminating the need for a mortgage.
Ready to explore your options? Let's connect and see how your home equity can make your next move a reality.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Consult with qualified professionals before making any financial decisions.
Michael Mahoney
617-615-9435
mike@mmahoney.com
www.HomesinBostonMass.com
MA. License #9051300
Real Broker LLC License #423031
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- Who: Michael Mahoney, full-time Realtor.
- Where: Greater Boston (Norfolk & Suffolk Counties).
- Experience: 20+ years in home ownership, wealth building & investment.
- Mission: Help clients achieve life goals through real estate.
- Clients: All price points; strong repeat & referral business.
I work in all price points. The majority of my business is repeat clients and the referral of clients from all over Eastern Massachusetts.
I view my role as the advisor who helps people go from the life they have to the life they dream about. I help people go from the “what if” to the “what is”
- Broad Expertise: Sold hundreds of properties – mobile homes to estates, multi-families, condos.
- Specialty: "From section eights to great estates" – no residential property too small or large.
- Area Served: Primarily Norfolk & Suffolk; also Plymouth, Bristol, Middlesex counties.
- Client Commitment: 7-day/week availability, backed by expert market research for targeted results.
- Value: Decades of diverse sales provide invaluable situational awareness for clients.
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