It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you.
Home values are on the rise thanks to low housing supply and high buyer demand. Basically, there aren’t enough homes available to meet this high buyer interest, so bidding wars are driving home prices up. When you own a home, the rising prices mean your home is worth more in today’s market. And as home values climb, your equity does too.
As a full service agency, Marathon Title offers complete real estate title services from a basic title search and report to a fully insured closing. As an agent of First American Title Insurance Company, we have the expertise and ability to provide the most comprehensive title insurance coverage available in the industry. Contact Sandra Dement for your title needs.