How to Find Out How Much Equity You Have Today

By Mark Callender

Hello, my name is Mark Callender and I am a licensed real estate agent with RE/MAX Results. Because I have been helping families buy and sell their homes for more than 18 years, I am now helping their children to buy their first homes and their parents to downsize. No matter the direction you’re moving, my goal is to make the process as calm and enjoyable as it can be.

Have you ever wondered how much equity you’ve built through the years you’ve owned your property?

You might be sitting on more equity than you think.

This “hidden money” could be exactly what you need to move forward with your plans.

I had the pleasure of speaking with Molly Nadeau from Neighborhood Loans about home equity and why it matters to homeowners. Many people own homes that have gained value over time, but they don’t always realize how much equity they’ve built.

Sometimes that equity could help move you forward financially. In some cases, it might even help you buy a new home you’ve been thinking about without realizing it may already be possible.

That’s why understanding your equity is important. Right now, Americans have more equity in their homes than ever before.

In fact, the amount of equity sitting in homes across the country surpasses many other asset categories. For many homeowners, their property ends up being the number one wealth-building tool they have.

Real estate plays such a big role in building long-term financial value. When you understand how much equity you have, it can give you more clarity about your financial situation and what options might be available to you.

How do you find out how much equity you have?

The challenge is that many homeowners simply don’t know how much equity they have. Without looking at the numbers, it’s difficult to know what your home is worth today or how much value you may have built.

That’s where an equity review can help.

A quick market analysis of your property can show two important things: what your home might be worth in today’s market and how much you still owe on your mortgage.

Once you compare those two numbers, you can estimate how much equity you may have in your home.

If you’re not sure how much equity you have in your home, it may be worth taking a closer look.

A quick market analysis can estimate your property’s value and help determine how much money you may have in your home that you didn’t even know about.

If you’re curious about the equity in your property, reach out. Feel free to reach out at (612)961-9448 or Mark@MarkCallenderHomes.com. A simple review can help show you how much value may be hiding inside your home.