What is Equity? And Why Does it Matter?

Are you overlooking one of the most powerful tools in homeownership? Equity can quietly grow over time, but only a  few homeowners know how to access or increase it. Today, I'll discuss what home equity means and how you can grow it through extra loan payments or property upgrades. You’ll also hear how equity can boost your financial flexibility, from funding improvements to removing mortgage insurance. Learn more in my latest video.

Learn more: https://sternteam.com/what-home-equit...

CHAPTERS:
00:00 — Introduction
00:30 — Lower the amount you owe
00:50 — Increase the value of your home
01:08 — Equity increases net worth
02:04 — Wrapping up

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ABOUT US:
The decision to buy or sell a home shouldn’t be made lightly. Here at The Stern Team, we want to help make that decision easier by providing you with relevant, educational information about real estate in Salt Lake City, and the real estate market, right here on our YouTube channel. Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we’re here to bring that information together all in one place. We have a passion for helping homebuyers and home sellers achieve their goals and we’d love to talk to you about how we might help you achieve yours. If you have any real estate-related questions for us, don’t hesitate to reach out to us via phone or email today.

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The Stern Team
Omada Real Estate
310 E 4500 S #100
Murray, UT 84107
801-845-9502
[email protected]
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