real estate market: Why Building Equity has Such a Positive Impact on Your Life
- 02/17/21 12:04 PM
At a time where most people are seeing significant increases in their homes equity it is creating many positive benefits beyond just the extra value of your home. 1. Suffering from financial hardship (job loss, medical expenses, etc.) Equity gives you options during difficult financial times. With equity, you could refinance your house to get cash which may ease the burden. It also puts you in a better position to talk to the bank about restructuring your home loan until you can get back on your feet. Today, there are 2.7 million Americans who are currently in a forbearance program because of the pandemic. … (1 comments)
According to the latest Fannie Mae report Consumer Confidence is at an all time high when it comes to housing. Read Fannie Mae's latest report below: The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased by 5.6 percentage points in February to 88.3, a new all-time high. Five of the six components that comprise the HPSI were up, and three hit record highs. The net share of Americans who reported that now is a good time to buy rose 11 percentage points, while the net share who believe that now is a good time to sell rose 7 percentage points. Consumers also … (0 comments)
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