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Some Highlights
- What is home equity? Equity is the amount a homeowner nets after paying the balance of the outstanding loan on the home. For instance, if you owed $200,000 on your home but sold it for $300,000, your equity is $100,000.
- Today’s home price appreciation is driving equity higher throughout the country. Arizona is one of the highest in equity gains.
- If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move.
- Now is a great time to put your equity toward a down payment on the home of your dreams.