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May 29, 2024

Mortgage Loan Officers Share Insights on Home Equity Growth Across States

2 min read
FOR IMMEDIATE RELEASE

Mortgage Loan Officers Share Insights on Home Equity Growth Across States

Crestone, CO – April 11, 2024 (USANews.com) – Mortgage loan officers across the country are weighing in on the latest report from MBS Highway, which reveals the significant growth in home equity that homeowners have experienced in each state over the past 5 years. The report sheds light on the financial benefits that homeowners have gained as a result of rising home values.

According to the report, homeowners in Colorado had a 52.57% increase in home values over the past five years. Nathan Einkorn, a Mortgage Broker in Parker Colorado said, “By considering options such as refinancing, home equity loans, or even selling to capitalize on the market’s strength, homeowners can maximize their financial gains. However, for renters, this surge in home values may signal a challenging landscape with potentially higher rental prices as landlords seek to cover increased property costs.”

Charles McCulloch a Waco TX Mortgage Loan Officer states, “One option is tap into it without moving using a cash-out refinance loan or even a Home Equity Line of Credit. The other option would be to list it with a great real estate agent, and sell it. Owning a home is still the absolute best investment in your financial future.”

New Jersey experienced a 64.19% increase in value. New Jersey Mortgage Broker Sweet Lou Schornstein said, “Home equity has skyrocketed. This is an amazing opportunity to tap into your home to either use it for home improvements or even leverage it into your forever house. This also is a signal to renters that the longer they wait the more expensive it’s going to come to realize the dream of homeownership.”

“Having current homeowners and Investors realize a nearly 50% increase in home values over the past 5 years not only reflects the desirability of homeownership, but it also underscores the potential for significant returns on investment for those who decide to take a plunge into homeownership.” Daniel Sosa from Central Valley Mortgage Group said.

By working with a knowledgeable loan officer, renters can explore their options for purchasing a home and take advantage of the current market conditions.

Media Contact:
Nick Carpenter 682-351-3712

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