Tag Archives: Equity

How Equity Helps Homeowners

What is equity and how does it affect you as a homeowner? Equity is defined as the difference of the home’s fair market value and the outstanding balance of all other debt on the property. Many homeowners are unaware of …
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Resource Video: Seller Edition

Is it the Right Time to Sell Your Home? The decision to sell your home is not a decision that should be made in haste. There are many factors that go into the decision to sell your home, one of …
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How Does Owning a Home Give You Wealth?

You have heard repeatedly that putting money down on a home will repay you with equity. But that’s hard to remember after a large down payment and closing costs! However it is an important piece of information to remember when …
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Capitalize on the Market and Sell your Home!

If you have ever thought about selling your home, now is the time! The most recent Pending Homes Sales Index from the National Association of REALTORS® showed that contracts went up in December by 1.6% which is impressive in our …
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Want to Buy or Sell a Home? Now is the Time!

2016 was the year of low mortgage rate and also low inventory. The average for the 30-year fixed-rate mortgage was 3.65% which is the lowest annual average ever recorded by Freddie Mac going back to 1971. Since then mortgage rates …
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State of the Market – August 2016

A letter from Joseph A. Horning, President of Shorewest, REALTORS® Entering the third quarter of the year, we are pleased to report that the market is healthy and thriving. According to the latest report from the Wisconsin REALTORS® Association, the …
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Home Equity is a Good Thing to Have!

Equity can be defined as the difference between the value of the assets and the cost of the debt owed. For example if someone owns a house worth $100,000 and owe $80,000 on the home, that home represents $20,000 or …
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Sales are UP! Now is the Time to Sell!

The National Association of REALTORS’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline …
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P.E.A.R., Not the Fruit but What Does it Stand For?

Americans are watching the real estate world slowly climb back up from our 2008 recession. Mortgage rates are at historical lows and people are realizing that not only can they afford a new house, they can upsize, downsize or even …
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State of the Market – May 2016

A letter from Joseph A. Horning, President of Shorewest, REALTORS® As we enter the second quarter of the year, we reflect on the brisk start to the 2016 market. The housing market has been predictably strong but also more active …
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