![The Benefits of Downsizing for Homeowners [INFOGRAPHIC],Jen Kelsey](https://img.chime.me/image/fs/chimeblog/20230708/16/w600_original_feedc479-d8fd-4333-b94b-961e3c652e82-png.webp)
The Benefits of Downsizing for Homeowners [INFOGRAPHIC]
Some Highlights Downsizing is a popular choice for Oklahoma homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a
A Drop in Equity Doesn’t Mean Low Equity
You may see media coverage talking about a drop in Oklahoma homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out re
Homeowners Have Incredible Equity To Leverage Right Now
Even though Oklahoma home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association o
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