Home equity is the portion of a home's value owned outright, built by paying down the mortgage and home appreciation. It can be accessed via home equity loans (fixed lump sum with predictable payments), HELOCs (revolving credit with flexible borrowing), or cash-out refinancing (replacing the mortgage with a larger loan). These options fund home improvements, debt consolidation, education, or investments but carry risks like foreclosure and increased debt. Careful financial assessment is essential before borrowing.
Here’s a quick update on Marco Island’s real estate market. Homes are selling at a…
Florida REALTORS® released new listing, leasing, and compensation forms effective January 5, 2026. Several compensation…
January 2026 luxury threshold: $3.6M. Prices down 5% year over year. Median days on market:…
Florida’s housing market ended 2025 with rising single-family sales and stabilizing prices statewide. Existing single-family…
Mortgage rates can vary based on market conditions and individual factors, so it helps to…