Homeowners Have Incredible Equity To Leverage Right Now
Posted by Streett Hopkins Admin on
Homeowners Have Incredible Equity To Leverage Right Now
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time:
“Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”How Your Equity Can Help You Achieve Your Goals
The equity you build up over the years can be used to your advantage when you sell your current house and buy your next home. If you no longer have the space you need, it…
70 Views, 0 Comments
Great opportunity to purchase a type of property that rarely comes available in Harford County. Property has tremendous potential including possible subdivision, continue to farm and place in Ag preservation, hunting, recreation and explore the many allowed uses via special exception in Harford County. Property previously had approval for 30 lots and per approval letter dated 12/18/13 contains 22 building rights (please confirm development rights and possible uses with Harford County Government). Property has approx. 92 tillable acres. There are numerous outbuildings and an old house that are of no value, please do not enter any of the buildings. Great location with easy access to I-95, Havre de Grace and all the upper Chesapeake Bay region has to offer.