The Power of Home Equity
Recent data from ATTOM Data Solutions shows that 46.1% of homeowners in the U.S. are now equity rich — meaning their homes are worth at least double what they owe on their mortgage. This is a big deal. It means almost half of all homeowners are sitting on major financial power without even realizing it.
Home equity is simple to understand:
Home Value – Mortgage Balance = Home Equity.
As home prices have grown steadily over the past few years, that gap has widened. For millions, this has created a wealth-building opportunity that can shape their next financial move.
What This Means for You
If you own a home, your property may be doing more for you than you think. With this much equity, you could:
- 💰 Refinance and access cash for investments or debt consolidation
- 🏡 Sell and upgrade to a new home
- 💪 Strengthen your financial position for future opportunities
If you don’t own a home yet, this data shows why timing matters. Experts expect home prices to continue rising because demand remains high and housing supply stays tight. Waiting too long could mean paying more later.
3 Ways to Access Your Home Equity
If you’re sitting on equity, there are smart ways to put it to work:
- Sell Your Home
If your home has outgrown your needs (or vice versa), selling could unlock a significant down payment for your next property. - Get a Home Equity Loan or Line of Credit (HELOC)
Borrowing against your equity can fund major goals like home improvements, college tuition, or paying off high-interest debt. - Do a Cash-Out Refinance
A cash-out refinance replaces your current mortgage with a new one for more than you owe. You receive the difference in cash while potentially lowering your rate or term.
Final Thoughts
Whether you’re a current homeowner or someone thinking about buying, equity is opportunity. It can help you build wealth, fund dreams, and create more financial freedom.
If you’re curious how much equity you’ve gained — or how to use it wisely — I can help you explore your options. As a Certified Mortgage Planning Specialist, I’ll guide you through what makes sense for your unique goals.
📞 Let’s find out how much hidden wealth is in your home today.