How Using Your Home Equity Can Supercharge Your Next Move

One of the biggest advantages of being a homeowner today is the equity you’ve built. When it comes time to sell, that equity can be a powerful tool - especially if you use it toward a larger down payment on your next home.

In fact, recent data from Redfin shows that the typical U.S. down payment has climbed to $67,500—the highest on record and nearly 15% more than it was last year. That’s because, as home values rise, so does homeowner equity, giving many sellers like you the opportunity to bring more to the table when buying their next property.

Here’s why that matters:

The Benefits of a Bigger Down Payment

1. Borrow Less, Save More
The more you put down, the less you’ll need to borrow, and that means you’ll pay less in interest over the life of your loan.

2. Potential for Better Rates
A stronger down payment can show lenders you’re a lower risk, which could help you qualify for a lower mortgage rate.

3. Lower Monthly Payments
With a smaller loan balance, your monthly payments could be more manageable, freeing up your budget for the lifestyle upgrades you’ve been dreaming of.

4. Avoid PMI
If you’re able to put down 20% or more, you can skip Private Mortgage Insurance (PMI), saving you an extra monthly expense.

What This Means for You

The equity you’ve earned puts you in a powerful position. Using it wisely could make your next purchase more affordable, give you stronger buying power, and open the door to homes you may not have thought possible.

At the Price Group, we’ll guide you through every step - helping you understand your equity, weigh your options, and move with confidence.

Thinking about making a move? Let’s talk today and put your equity to work for your future.