How Your Home Equity Can Help You Make Your Next Move

If you’ve been thinking about selling your home but wondering how you’ll afford your next one—home equity might just be the key.

What Is Home Equity?

In simple terms, your home equity is the difference between how much your home is worth and how much you still owe on your mortgage. As home values have gone up in recent years, many homeowners have built up significant equity—some without even realizing it.

According to Freddie Mac, thanks to recent price appreciation, homeowners today have near-record amounts of equity.

Here’s Why That Matters

A recent study shows that over two-thirds of American homeowners either own their home outright or have at least 50% equity in their property. That breaks down like this:

• 39.3% of homeowners own their home free and clear

• 29.3% have a mortgage but more than 50% equity

• 31.4% still have less than 50% equity

And the average homeowner? They’re sitting on $311,000 in equity.

What Can You Do With That Equity?

When you sell, that equity becomes cash in your pocket—and that opens up a lot of options for your next move.

✅ Use It for a Down Payment

You can put that equity toward your next home’s down payment. The more you put down, the less you’ll need to borrow. In today’s rate environment, that can mean big monthly savings.

✅ Become an All-Cash Buyer

If you’re thinking about downsizing, your equity may be enough to buy your next home outright—no mortgage needed. That makes your offer stronger and the entire process smoother and faster.

Ready To See What Your Equity Looks Like?

If you're curious about how much equity you’ve built up—and how it could help you buy your next home—I’d be happy to run the numbers for you. Let’s connect and make a plan that fits your goals.

Your next move might be easier than you think.

Learn How Your Home Equity Can Help You Make Your Next Move at Polrealty.com

How Your Home Equity Can Help You Make Your Next Move on Our YouTube Channel.