When you sell your home, you get all the equity you’ve built in the property back in your pocket after closing costs.
That can give you a lot of cash to work with when it comes to buying your next home! 💵
Here’s how:
Using equity to buy your next home: With the money in your pocket from selling your home, you can make a substantial down payment on your next property. This can translate to a lower monthly payment!
Lowering your interest rate: A large down payment from your home’s equity can help lenders get you a lower interest rate on your next mortgage, which decreases the amount you pay each month and will save you thousands! 💰
Covering moving and reno expenses: With a little extra cash from equity, you can more easily cover those annoying moving expenses!
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