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Belco's Online Banking

Archive for September, 2022

A family of four sitting on the front steps of a house they have a good amount of home equity in.

The Housing Market & Your Home Equity

access_time Posted on: September 16th, 2022

Home prices are rising across the U.S. along with interest rates and the cost of living. But it’s not all bad news. When the market value of your home increases, the amount of home equity you have goes up with it.  You can then use your home equity to fund improvements (or anything else!), which will increase the value of your home even more. Read on to find out everything you need to know about the current housing market and how it impacts your home equity. What Is Home Equity? Home equity is the difference between what your home is currently worth and what you owe on your mortgage. Here’s… read more »