Crestone, CO - June 21, 2023 - THE LEGION, a trusted Mortgage Mastermind, is excited to present homeowners with compelling reasons to consider a move this summer and unlock their home equity. They asked some of the nation’s top Home Loan Advisors for input.
The average homeowner in America has over $300,000 in equity sitting in their house, according to CoreLogic, and many people are wondering if now is the time to move.
If you have a big house with kids about to go off to college, now could be the perfect time to downsize and use some of your equity for tuition. According to mortgage expert Zach Kraft, “This is a great way for parents to help out without dipping into their savings or taking out a loan.”
You might want to use equity as leverage to get into your forever home. New Jersey mortgage broker Sweet Lou Schornstein says “Based on 20 years of experience, I am confident interest rates will drop in the next 2 years and equity will continue to rise. This is a unique opportunity to use your hard-earned equity to create a massive financial legacy for your family.”
For those looking for a more financial investment opportunity, downsizing and using some of your existing equity for an investment property can make sense. As Colorado mortgage advisor Erin Pearce points out, “It’s important to look at all angles when making this decision but it could be a great way to turn your current home into another home and an income-producing asset.”
Home buyers also have another option – buying brand new construction from builders who need inventory moved quickly. Wilson Enriquez says, “this could be an incredible opportunity since builders may offer incentives or discounts on new homes in order to move them faster.”
Finally, you could stop paying rent for an office and get a house with a better home office. Mortgage expert Ryan Niles recommends that you look into what kind of home office setup works best for you before making any decisions but it could save you money in the long run by eliminating extra costs associated with renting office space.
Whether you are looking for more space or want to invest in something else with your existing equity, there are plenty of reasons why it is the perfect time to move this summer.
About THE LEGION
THE LEGION is a leading mortgage mastermind and marketing coach serving Loan Officers and Mortgage Brokers across America. With their experienced team, led by Nick Carpenter, THE LEGION offers a comprehensive range of mortgage marketing and growth solutions to help modern mortgage advisors achieve their financial goals. Committed to serving the industry elite, THE LEGION prides itself in client results that speak for themselves.
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