Equity Is Up – But Fewer Homeowners Tap Into It

In the Great Recession, many homeowners tapped into rapidly rising equity, but they’re more cautious today, with HELOC applications dropping 5.5% in 4Q 2021.
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Here are 3 smart moves every first-time homebuyer should know right now. Always get pre-approved before you start looking at homes online. Factor in things like property taxes and home insurance into your budget. And be sure to get an inspection, so you’re not caught off guard by costly repairs. While they may sound simple, these tips matter. And if you haven’t bought a house before, you may not realize just how important they are. Do you want more advice to make this process easier? DM me and let’s chat.