July 4, 2022

Loans

Its All About The Money

The Best Way to Use Your Home Equity

12 min read

Americans are sitting on a record amount of home equity. In fact, 53.8% of all homeowners in the United States have at least 50% equity in their homes. This is tremendously more equity than we saw going into the last recession. Furthermore, 30% of all homes in the country are owned free and clear.

These numbers tell us two things about real estate and housing in the United States. First, American households are sitting on a very solid foundation. Gone are the days of homeowners being highly leveraged with 100% or 125% loan-to-value mortgages and negative amortization like they were when we went into the last recession.

Second, there is an incredible opportunity for homeowners to pause and take a look at their global debt structure. Discover the best strategy for using your home equity at https://www.medicalprofessionalhomeloans.com/2020/05/the-best-way-to-use-your-home-equity/

We’d love to hear from you!

Josh Mettle
Division President & Director of Physician Lending
NEO Home Loans

josh.mettle@neohomeloans.com
801-893-0659
NMLS# 219996
CA-DOC# 219996
Equal Housing Lender

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NEO Home Loans is a division of Celebrity Home Loans, LLC | NMLS# 227765 | Equal Housing Lender | nmlsconsumeraccess.org

Source: Medical Professional Mortgage Advice

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