Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (850) 777-3050
Apply Now

Category: Equity

Auto Added by WPeMatico

How Your Equity Could Help Younger Generations Buy a Home

Written by Emerald Coast Mortgage Syndicated User on . Posted in Emerald Coast Mortgage, Equity, For Sellers, Mortgage Emerald Coast, Senior Market.

For a lot of parents or grandparents, watching a family member struggle to buy their first home right now is hard. That’s because you saw firsthand how homeownership gave your life more stability and helped grow your net worth – and you want your loved ones to have those same opportunities.But with all the affordability challenges in recent years, that can feel like an uphill battle – even though it’s slowly improving lately. Here’s what you may not realize. You may be in a unique position to help (thanks to the equity in your current house).The Equity Advantage You May Not Be...

Continue reading

Why So Many Homeowners Are Downsizing Right Now

Written by Emerald Coast Mortgage Syndicated User on . Posted in Downsize, Emerald Coast Mortgage, Equity, For Sellers, Mortgage Emerald Coast, Senior Market.

For a growing number of homeowners, retirement isn’t some distant idea anymore. It’s starting to feel very real.According to Realtor.com and the Census, nearly 12,000 people will turn 65 every day for the next two years. And the latest data shows as many as 15% of those older Americans are planning to retire in 2026. And another 23% will do the same in 2027.If you’re considering retiring soon too, here’s what you should be thinking about.Why Downsize? Now’s the perfect time to reflect on what you want your life to look like in retirement. Because even though your finances will be...

Continue reading

Downsizing Without Debt: How More Homeowners Are Buying Their Next House in Cash

Written by Emerald Coast Mortgage Syndicated User on . Posted in Downsize, Emerald Coast Mortgage, Equity, For Sellers, Mortgage Emerald Coast, Selling Tips.

If you’ve been thinking about downsizing to lower your expenses, be closer to family, or just make life easier, here’s a trend worth paying attention to:More homeowners are buying their next house outright, without taking on a new mortgage. And, if you’ve owned your home for a while, you may be able to do the same. No mortgage. No monthly housing payments.A Record Share of Homeowners Are Mortgage-FreeAccording to analysis from ResiClub of Census data, more than 40% of U.S. owner-occupied homes are mortgage-free – an all-time high for this data series. That means 4 in 10 homeowners own...

Continue reading

Time in the Market Beats Trying To Time the Market

Written by Emerald Coast Mortgage Syndicated User on . Posted in Emerald Coast Mortgage, Equity, Forecasts, Home Prices, Infographics, Mortgage Emerald Coast.

Some HighlightsAre you torn between whether to buy a home now or wait? Consider this.Forecasts show prices will climb for ?at least the next 5 years. If you wait, the price of a home will be higher later on. But, if you buy a $400K now, you could gain roughly $83K in equity as prices rise.If you’re able to buy now, this equity is one reason why it’ll be worth it in the long run. Connect with an agent if you’re ready to talk through ways we can make it happen.

Continue reading

Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on . Posted in Affordability, Emerald Coast Mortgage, Equity, Infographics, Mortgage Emerald Coast, Move-Up.

Some HighlightsDid you know the equity you have in your current house can help make your move possible?Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.

Continue reading