25% of Homes with a Mortgage are Now Equity Rich!

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The increase in home prices has been in the news recently and more attention has been focused on whether home prices are increasing rapidly, as well as how sustainable the increase in prices is. However, one of the often overlooked benefits of rising prices is that they have an impact on the homeowner’s equity position.
Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value of their homes goes up! Read full blog

For more info visit here: Home Buyers North Carolina

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- If You Are Thinking of Selling? You Must Act NOW!
-Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
-Are Homebuyers Starting to Hit the ‘Pause’ Button?

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